September 24, 2022

Ask Kip: How to Donate to Charity and Get Income in Return

By David Rodeck From Kiplinger’s Money Power Q: I’ve been thinking of making a sizable donation to charity, but I’m a bit worried about giving away money I might need in retirement. I’ve heard that a Charitable Gift Annuity could be the answer. How does that work? A: A Charitable Gift Annuity can generate retirement…

How to Manage Your Rental Income Wisely

Becoming a profitable real estate investor requires giving time and attention to your finances. Being a landlord requires you to manage rental income and spend money on repairs, maintenance, taxes, and other property-related expenses. Although some properties generate more income than others, you can optimize your ROI, no matter what kind of properties you own.…

Higher Gas Prices Cut Household Income by $120 Billion

Retail gasoline prices have risen by a dollar over the past 12 months as the economy began to reopen, increasing demand for fuel. Higher pump prices are now crimping consumer budgets and putting a brake on household spending on non-energy items, according to analysts. Prices at the pump as of Oct…

REPORT: Manchin Demands An Income Cap For Biden’s Child Tax Credit Program

Democratic West Virginia Sen. Joe Manchin said the White House must include a work requirement and family income cap at $60,000 if President Joe Biden wants the child tax credit expansion to pass, Axios reported Sunday.Democrats are pushing to expand monthly child tax credits permanently as part of their spending package despite little public support.…

D.C. Council Hopes to Redistribute Wealth to Increase Pay for Child Care Workers, Provide ‘Basic Monthly Income,’ Housing Vouchers

Despite the fact that the District of Columbia received $2.5 billion in federal coronavirus relief funds, the majority of the city council advanced on Tuesday the Homes and Hearts Amendment Act, which would increase the marginal tax rate for residents who earn $250,000 or more. The plan would redistribute the wealth of successful D.C. residents…

Middle Class Income Hits All-Time High Despite Ocasio-Cortez’s Claim The ‘Upper Middle Class Doesn’t Exist’ In America.

Continuing an upward trend, middle class income reached its highest level ever despite New York Democratic congressional candidate Alexandria Ocasio-Cortez claiming there is no such class in America. The median income for a household in the U.S. reached $61,732 in 2017, according to a U.S. Census Bureau report released Wednesday. The level, up 1.8 percent […]

Obama Calls for Universal Income in South Africa… And He Wonders Why No One Takes Him Seriously.

Goof Barack Obama is traveling in Africa this week. On Tuesday in South Africa Obama stuttered through his speech and called for guaranteed income. Universal income is basic, raw socialism. You get a check for breathing. This is what the left is today — still promoting the failed policies of the past. They never learn […]

Public Radio Admits: Trump Tax Cut Good for Middle, Low Income.

A story by Southern California Public Radio station KPCC last week appeared to admit that President Donald Trump’s $1.5 billion tax reform is best for middle and lower income households. During the months leading up to the tax cut, public radio and television railed away that Republican tax reform would be a massive giveaway to the […]

Why Income Taxes Are Immoral.

In our Jeffersonian conception of government, governments exist to secure our rights. Thus, we allow government the power to tax us to pay for the costs of protecting our rights and to have an orderly society. (Flickr) Nearly 2,500 years ago, Plato argued that poets, “with their words and phrases” were too dangerous and could […]

Feds Collect Record Income and Payroll Taxes Through March–Still Run $526,855,000,000 Deficit.

The federal government collected record amounts of both individual income taxes and payroll taxes through the first six months of fiscal 2017 (Oct. 1, 2016 through the end of March), according to the Monthly Treasury Statement. Through March, the federal government collected approximately $695,391,000,000 in individual income taxes. That is about $7,387,280,000 more than the […]

If you hear a Bernie Sanders supporters complain about income inequality, show them this ASAP…

We’re all aware of the politics of envy on which Bernie Sanders is campaigning. You could probably make a drinking game based around when he uses the phrases “millionaires and billionaires,” “top one percent,” “Koch brothers,” or “greed.” The issue of income inequality is central to the politics of envy. Bernie commits a popular error […]

In 2015, 45 Percent Of Americans Will Pay No Federal Income Taxes

The number of individuals and married couples paying no federal income tax has risen to 45.3 percent — up five percentage points from the Tax Policy Center’s original estimate two years ago. The TPC forecasted in 2013 that the number of households not paying federal taxes would fall to 40.4 percent, crediting an improving economy […]

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