Tax Exemptions Explained

Section 151 of the Internal Revenue Code establishes the personal exemption (exemption). In 2017, the exemption is $4,050.

Tax Brackets Explained

In 2017, there are seven tax brackets. Let’s begin with the brackets for single filers.

September 26, 2017 Jonathan Simeone

Republicans Care Way More About Banks Than us

The verdict for this episode is: class action lawsuits are easily the best way to protect consumers cheated by financial institutions.

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September 26, 2017 Jonathan Simeone

Here’s How You Beat Your Bank

In Consumers Could Lose again, I discussed how Congress may repeal a rule issued by the Consumer Financial Protection Bureau (CFPB).

September 26, 2017September 26, 2017 Jonathan Simeone

Consumers Could Lose Again

You have a hundred dollars in your account. You pay 20 dollars for gas. Later, you pay 30 dollars for a medical copay. Finally, you pay $110 for groceries. If you were a customer of Wells Fargo, the bank would reorder the transactions so that the grocery purchase appeared to have been made first. By doing so, the bank could charge you three separate overdraft fees ranging from 25 dollars to 35 dollars each.

September 25, 2017September 25, 2017 Jonathan Simeone

The History of the Star-Spangled-Banner

Francis Scott Key was born on August 1, 1779 in what was then Fredrick County Maryland.

September 22, 2017September 22, 2017 Jonathan Simeone

The Children’s Health Insurance Program Explained

The Children’s Health Insurance Program (CHIP) is administered by the individual states within broad federal guidelines. Chip is jointly funded by the federal government and the individual state governments.

September 20, 2017 Jonathan Simeone

Graham-Cassidy Explained

Senators Lindsey Graham (R-SC) and Bill Cassidy (R-LA) are mounting one last effort to repeal and replace the Affordable Care Act. Their bill would make the following changes.

September 19, 2017 Jonathan Simeone