Entries Tagged 'Taxes' ↓
April 4th, 2013 — Self-employment, Taxes
A reader of a recent post asked, Nancy, I understand that a self-employed person has to shoulder the expenses that an ordinary wage or salaried person does not. But if those expenses are legitimate, and a self-employed person doesn’t earn enough to pay SE tax, how can that person even make a living to survive? If they aren’t making enough revenue to cover their costs of operating their business, how can they afford to cover their personal expenses to survive?
This is the key question I’ll discuss today. It’s why I believe some self-employed workers need a break on paying SE tax. Continue reading →
February 26th, 2012 — Taxes
I was one of those kids who walked around head bent and looking at the ground – even after they discovered I was totally near-sighted and gave me glasses. The reason? I didn’t start out with a lot of self-esteem, and my peers didn’t help the situation any.
Once I was walking downtown and a couple of older girls passed me on the sidewalk. On called back over her shoulder with a laugh, “You look like a simpleton.”
Now, I had no idea what a simpleton was, but I knew enough about tones of voice to know it wasn’t something good. At home I asked my mother. Knowing I was a bright little girl she told me to look it up in the dictionary. So I did:
“A person who is felt to be deficient in judgment, good sense, or intelligence; a fool.” (The American Heritage® Dictionary of the English Language)
An alternative definition is “a foolish or ignorant person”. OK, now you too know what simpleton means. So, how can we not be the simpletons politicians and pundits seem to take us for? Continue reading →
October 21st, 2011 — Taxes
I’ve cleared up one concern I’ve had about Warren Buffets call to tax millionaires!
Most of us think that the current recession is largely due to a lack of private spending in our economy. So, what would a millionaires’ income tax do? Would it help or would it set us back?
Ed Hammond, in his Perspective column in the House & Home section of the Financial Times (October 8/9, 2011) wrote a piece called “Measuring the pay gap in square feet.” Continue reading →