taxes

It’s doubtful Benjamin Franklin knew he was forever linking the IRS to the U.S. Constitution when he said, in a letter to Jean-Baptiste Le Roy in 1789, “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be...

By Jay Jung Undeniable perks come with wealth, but there is a downside too. Greater financial holdings equal greater financial headaches. The National Financial Education Council says a lack of personal financial knowledge costs average Americans $1,200 a year. Just imagine what is at stake for you...

This article was originally published on Gokhshtein Media and appears here with permission. Colorado has become the first state to accept cryptocurrency for payment of taxes and fees. Governor Jared Polis made the announcement in February saying the rollout of the system to accept cryptocurrency...

This article was originally published on Gokhshtein Media and appears here with permission. The crypto revolution has created many unprecedented possibilities and conundrums. One of the latest legal dilemmas is focused around the question of what to do when people create new tokens through staking...

By Chris Murray Planning for all of the variables of retirement, and understanding how they intertwine, can be tricky. More and more, inflation is becoming a concerning variable that people should factor into their financial plan for retirement. Inflation, which has hit a 40-year-high, has...

By Thibault Serlet, Co-Founder and Chief Researcher of The Adrianople Group Introduction Special Economic Zones (SEZs) are business parks or cities that offer various incentives to attract foreign investors. The most famous SEZs are the city of Shenzhen in China, the Dubai Internet City, and...

By Justin M. Biance Taxes are on the minds of many this time of year with the filing deadline looming. But too often, people think about taxes only on a one-year-at-a-time basis, forgetting or putting off the need to adjust their strategy for future years – most importantly, their retirement...

By John L. Savarino Financial planning for retirement should always be a thorough and careful process. Fundamental to it is being cognizant of the many variables that can affect our income, investments, taxes and savings. Well, some of the key variables are volatile right now. Inflation has hit a...

By John Vandergriff Taxes are a necessary part of life, and strategic help with positioning your investments to minimize taxes is rare. The age-old advice we have all heard asks, “Why pay taxes today when you could defer them to retirement, when your income will be lower?” However...

By Mark S. Gardner, CSSCS Life after retirement can be full of changes and challenges, not least understanding how taxes will impact your income and deductions.  Different tax rules can apply to each type of income you receive, so it’s crucial to make tax planning part of your...

The head of the Central Board of Direct Taxes (CBDT) in India said the recent announcement of a 30% tax on crypto holdings doesn’t necessarily make the crypto trade legal in India. The finance minister of India announced a 30% tax on crypto holdings during the budget session on Feb. 1,...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has disclosed how much he would pay in taxes this year. What Happened: The entrepreneur said on Twitter Sunday that his tax bill for this year is a whopping $11 billion. Musk has sold shares of Tesla since early November to foot his tax bill. Until mid-...

Tesla Inc (NASDAQ: TSLA) and SpaceX CEO Elon Musk on Tuesday fired a battery of tweets in response to Senator Elizabeth Warren (D-Mass.) calling him a “freeloader.” What Happened: Warren on Monday in a Twitter post commented on the “rigged tax code” and why it needs to be...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk agreed with an assessment made by YouTuber David Lee that the government would take the lion’s share of his stock compensation plan. What Happened: Musk responded to a Twitter thread posted by Lee on Monday in agreement. Lee had broken down Musk...

SpaceX and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Tuesday defended claims he pays low taxes and said ProPublica’s investigation based on IRS data in June this year was "a bunch of misleading stuff." What Happened: The billionaire entrepreneur explained how he does not draw any...