Who Really Pays the Most Taxes?
Tax commentary from both politicians and the public leads me to think very few people understand how our tax system actually works, and who is paying the bill to operate our government. The Tax Cuts and Jobs Act (TCJA) compounded the sentiment that the rich pay too little in taxes, and the poor and middle…
Read MoreThe $80 Billion Voluntary Tax
Taxes are due soon. But there’s one tax that gets paid all year long. Brian shines some light on its dark repercussions.
Read MoreClearing Up Tax Refund Confusion
As if tax refunds weren’t already a misunderstood area of personal finance, politicians and media outlets are adding unnecessary anger and confusion to them. Tax refunds are really quite simple. If you overpay funds to your state or the US Treasury, you are entitled to a refund upon filing your taxes. Refunds are not a…
Read MoreHow Tax Reform May Impact You
Written By Brian Cochran, CFP®, Certified Kingdom Advisor® Financial Planner John Moore and I were in Washington, D.C. this week attending meetings with one of our favorite professional associations, Kingdom Advisors. One of the highlights was a legislative update with members of the executive branch staff. The timing was remarkable, as the legislative update occurred just hours after the…
Read MoreTax Incentives Are Not a Sin | Part Three
Written By Brian Cochran, CFP®, Certified Kingdom Advisor® Financial Planner Part 3 of a 3 Part Series With this Insights, we conclude our reflection on tax season along our theme, Tax Incentives Are Not A Sin. In part one of this three-part series on tax reduction strategies, we explored ways you can save taxes by…
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