Usually, one of the most crucial questions we ask ourselves when tax season is right around the corner: how much will my refund be? Every year we are expected to file our taxes to the IRS. We HOPE to receive a refund, ideally a hefty refund that we can pocket away for ourselves. However, it is up in the air […]
IdeaEconomics YouTube video: Should I hire a tax professional or do it myself?! Oh, the dreaded thought has reoccurred in your brain again. Do I spend money and hire a tax professional to help me with my taxes, OR do I just say screw it and do it myself? Trust me, I get it. We have all been there trying to […]
IdeaEconomics YouTube video: Why do we have taxes and why do I have to pay? HISTORY If there is one word usually associated with being an adult, that word would be TAXES! Benjamin Franklin once said this in a letter to French scientist Jean-Baptiste Leroy, “Our new Constitution is now established, and has an appearance that promises permanency; but in […]
Suppose there is one thing almost everyone can unanimously agree on. Giving portions of our hard-earned money every month to the government is one of the last things we probably want to checkmark off our ‘Things I Want To Accomplish In Life’ list. Unfortunately, the government is diligent in collecting your money, and the question I think everyone at some […]
This is a question that I definitely don’t ever remember learning in school! What’s more unfortunate is that most of us have never known what a marginal tax rate is, yet we pay it every day. I wanted to create this article because I wanted you to better understand what this concept means and how it impacts your life, especially […]