Indirect business taxes, sometimes referred to as hidden taxes, are taxes that can be passed on to customers by being incorporated into a higher price. They are not added to the price...
Posted by Abundant Wealth Planning LLC on 01/01/2022
Americans do not like the estate tax, but they love the wealth tax. What's up with this?Both taxes focus their burden on the nation's most fortunate few. Both promise to dismantle...
Posted by Tiffany Gaskin on 11/11/2021
A wealth tax, unlike income tax, is a tax paid annually on assets including property, real estate, cash in banks, investments, business interests, and whatever you have that is of...
Posted by KLSM CPA Firm PLLC on 06/18/2021
In 2017, the wealth tax cap was $5.49 million. In 2018, the limit doubled to $11.18 million and now stands at $11.7 million. Currently, this growth will expire in 2025, but with the...
Posted by Pat Raskob on 02/10/2021
You know the saying that says, "Nothing is certain in life except death and taxes." While this may be true, taxes tend to be more complicated and extremely inconsistent....
Posted by Abundant Wealth Planning LLC on 08/07/2020
Tax filing this year got more stressful than ever. There are changes in all the federal tax code made by the 2017 Tax Reform Law which they need to conform with. Part of the modifications...
Posted by Taxes Made EZ Inc on 04/03/2020
Proposals to introduce a wealth tax into the US Internal Revenue Code have been emphasized by some Democratic candidates such as Bernie Sanders, Tom Steyer, and Elizabeth Warren especially...
Posted by Debi G Hill, CPA on 12/28/2019
