by Gary S. Morrow | Sep 15, 2021 | Uncategorized
From CNSNews.com: Americans spent more on taxes in 2020 than they did on food, clothing, healthcare and entertainment combined, according to newly released data from the Bureau of Labor Statistics. American “consumer units,” as BLS calls them, spent a net total of...
by Gary S. Morrow | Aug 25, 2021 | Commentary
Nearly 61% of U.S households paid no federal income taxes during pandemic-stricken year of 2020, because of declines in income and boosts to government subsidies that wiped away tax liabilities, according to data from the Urban-Brookings Tax Policy Center. The number...
by Gary S. Morrow | Aug 10, 2021 | Commentary
Limits on state and local tax deductions add another consideration as you think about where you want to live in retirement. More here: Taxes & Relocating in Retirement – What to Consider Before a Move (ml.com) Hat tip Merrill...
by Gary S. Morrow | Jun 29, 2021 | Commentary
Estate planning with life insurance As Congress wrestles over Biden’s agenda, some advisors have been proactive with clients, exploring ways to lessen the possible impact. If taxes rise, some clients may buy more life insurance to cover the bills, said Herron. ...
by Gary S. Morrow | Jun 11, 2021 | Uncategorized
“The average American family is paying 14% income taxes, fighting covid lock downs, college debt, loss of manufacturing / tech jobs due to predatory economic policies while the oligarchs who gain from our decline skate by.” Hat tip Joe...
