tax laws

No State Income Tax, No Problem: A Look At Florida’s Taxes

The year is coming to an end and that means it is time to start preparing for tax season. For most of us, we’ll be gathering information to submit our tax returns to both the federal and state governments. However, for seven states (eight by 2022), the folks who reside there are not subject to state income tax – Alaska, Florida, Nevada, South Dakota, Texas, Washington, Wyoming, and Tennessee (2022). We are going to take a more in-depth look at one of these states, Florida, to get a better understanding of the tax situation for a state which does not tax personal income.

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Posted 11/29/2018

Federal Income Tax: A Brief History and Overview

The federal income tax ends up taking a chunk out of your income every year. So, shouldn’t you at least understand where the income tax came from and where that money goes? Yes, you definitely should. We’re going to discuss the history of the income tax and where the tax revenue is currently being spent. Let’s begin with a brief history of the federal income tax.

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Posted 10/30/2018

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