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  2. Grant Cardone's Tax Strategies May Hurt You More Than Help ...

    www.aol.com/grant-cardones-tax-strategies-may...

    My federal tax bill for the last 20 years, I’ve paid maybe two years out of 20." He pointed out that if he doesn't have to pay federal taxes, he'll spend and invest the money, putting it back ...

  3. How to Calculate a Business Owner’s Salary - AOL

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    Tax calculations should always occur before taking expenses out. A good rule of thumb is to save 30% of your income for taxes. This percentage may be higher if you or your joint filing partner are ...

  4. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    U.S. federal government tax receipts as a percentage of GDP from 1945 to 2015. 2010 to 2015 data are estimated. The federal income tax enacted in 1913 included corporate and individual income taxes. It defined income using language from prior laws, incorporated in the Sixteenth Amendment, as "all income from whatever source derived". The tax ...

  5. 5 ways to tell if you’re on track for retirement — and 5 ...

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    For 2025, employees aged 50 and up who participate in most 401(k) plans or the federal government’s Thrift Savings Plan can save up to $31,000 annually, including a $7,500 catch-up contribution.

  6. Illinois Fair Tax - Wikipedia

    en.wikipedia.org/wiki/Illinois_Fair_Tax

    The new tax rates proposed by the state legislature in SB 687 includes an increase in corporate income taxes from 7% to 7.99%. SB 687 would also changes the state's property tax credit, which is a credit that some residents paying property taxes can claim to reduce their income taxes, from 5% to 6%.

  7. Healthcare reform debate in the United States - Wikipedia

    en.wikipedia.org/wiki/Healthcare_reform_debate...

    Republicans also argue the proposed excise tax on medical devices and drugs would increase the tax burden on vaccine makers. [ 175 ] [ 176 ] Some conservatives argue that forcing people to buy private insurance is unconstitutional ; [ 177 ] legislators in 38 states have introduced bills opposing the new law, [ 178 ] and 18 states have filed ...

  8. Ask an Advisor: We're 65 with $1M and $42K in Social ... - AOL

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    My wife and I are both 65 years old. She will retire this year and I'll work until I'm 67. We'll get about $42,000 in Social Security and have about $1 million in savings. Can we live on $90,000 ...

  9. Elon Musk Asks If IRS Funding Should Be 'Deleted ... - AOL

    www.aol.com/finance/elon-musk-asks-irs-funding...

    Billionaire entrepreneur Elon Musk sparked debate recently after posting a poll on X about the Internal Revenue Service's (IRS) funding. Musk asked users if the IRS's budget should be "increased ...

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