Tag Archives: income

MintLife Blog | Personal Finance News & Advice | Harvest Your …

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Tax-loss harvesting (TLH) is a complicated-sounding term for a simple concept: if you buy an investment and it loses value, you're entitled to deduct the loss (up to $3,000 per year) from your income or capital gains for tax … Continue reading →

How Should My LLC Pay Taxes? And More Free Tax Advice – Ask …

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If your entity is taxed as either a sole proprietorship, partnership or S Corporation, the net income is reported and taxed on the business owners' personal tax return where it gets combined with the rest of the income and … Continue reading →

Daily Kos: Obama is boxed in on taxes and spending.

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Which makes perfect sense, as the least efficient and effective generators of economic activity are the rich, because they spend the smallest amount of their income in this economy, and because high personal taxes lead to … Continue reading →