their a funny southpark clip about trusting financial community
http://www.southparkstudios.com/clips/222624/the-importance-of-saving-money
as for deductions, besides deductions to none profit groups their 1 nice other
Sense your being tax'ed on gambling winnings, that same Tax year your being tax'ed on any winnings, your allowed to deduct gambling losses,
in other words, for that year ONLY, you can Blow money on gambling, and have a 100% write off onto your taxable winnings, so if you must go to vegas, for god sakes, do it same tax year your winnings are being tax'ed,
and have full deduction for the loss's,
their no point in gambling a ton of money away atfer that
if i ever won mm or pb, i would spend like a million bucks on lotto tickets trying to win a 2nd one, if the irs wants proof , i have a stack of losers the size of a small house they can go thro LOL, all them poor tree's rofl
anyway its better to just get a ton of Books, IF YOU WIN, Buy a ton of investment books, etc, TEACH your self
like right now and next year, max tax rate for dividend income, aka, companys that pay your share holders dividend income, have a max tax rate of 15%, Ya really, compared to 35% tax rate on all other income, its a Rich persons low tax rate LOL, thank you republicans,
so do your own research, find a company that has around 5 to 10% dividend for current stock price, and Buy that sucker, all future income form it, is tax'ed much Lower, just hope to god dems Don't defeat the republicans in the future and tax your Dividend income like everthing else
also a tip, if you are in a state that tax's dividend income, its Easy as a simple side step to avoid your state's tax's on Dividend income,online a job or any other income, dividend payments are simple ownership of the stock
set up a trust, again do your own research,
, don't just take my word for it, set it up in a other state THAT does not tax dividend income, and Bam, move the stocks into that trust, and let the trust bank account collect dividend income form the stocks, thus avoiding your state tax on dividend money , the rich Really do play by a Whole other set of rules,
owning stocks that pay you, as a % of ownership, you get share of their profits, their only stocks worth having btw, makes you into the ownership class, and they Don't Put up with the outrageous 35% tax rate on their money
o and before you dems, or tax the rich people run in, beware, dividend income, SHOULD never be tax'ed, know why?, THE GOVT already tax's the company PROFITS, then they balls to tax dividend payments to you also, its bloody double tax before you ever get the money, its a outrage, we went to war over double tax's btw, if it was not for republicans must profits by companys would be tax'ed into they MOVED outside the nation
know how the dems don't think its a double tax, cease some dividend income, comes form outside the nation!, but if you own a usa company stock that pays you a dividend, to bad, they tax the company, then you , <snip> the dems and their double tax's, and tax the rich mindset,
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