The advantage of so-called pass-through businesses is that the profits “pass through” as taxable income to the participants. In a C-corporation, a business whose stock is publicly traded, profits are taxed up to a rate of 35 percent at the corporate level and up to 23.8 percent when they are sent to shareholders as capital… Continue reading Pass Through Businesses Explained
Tag: politics
Executive Orders Explained
The term “executive order” is commonly used to describe three different types of documents issued by the president: executive orders; presidential memoranda; and presidential proclamations. It is well established that executive orders and presidential memoranda are used to conduct the nation’s business.
Tax Deductions Explained
There are two types of deductions. Most taxpayers take the standard deduction that’s offered to everyone. In 2017, the value of the standard deduction for single filers and married couples filing separately is $6,350. For married couples filing jointly, the standard deduction is $12,700.
Trump’s Health Care Executive Order Explained
The affect of Trump’s executive order won’t be felt for at least six months. The reason is that the Departments of Health and Human Services, Labor, and Treasury all need to change current regulations. In order to changed those regulations, the departments must follow the federal rule making process. This means there will be, at… Continue reading Trump’s Health Care Executive Order Explained
PROMESA Explained
The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) prevented creditors from suing Puerto Rico on a bond default worth two billion dollars.
US Territories Explained
A territory is part of the United States, but it isn’t a state. The United States has five territories.
Tax Brackets Create Winners and Losers
The verdict for this episode is: reducing the number of tax brackets makes things far more unfair than simple. https://media.blubrry.com/jonathansimeonepodcast/content.blubrry.com/jonathansimeonepodcast/tax_brackets.mp3Podcast: Play in new window | Download (Duration: 8:57 — 4.1MB) | Embedsubscribe to my podcast Apple Podcasts | TuneIn | RSS | Subscribe to Jonathan's Verdicts
Podcast: Play in new window | Download (Duration: 8:57 — 4.1MB) | Embed
subscribe to my podcast Apple Podcasts | TuneIn | RSS | Subscribe to Jonathan's Verdicts
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.
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. https://media.blubrry.com/jonathansimeonepodcast/content.blubrry.com/jonathansimeonepodcast/CFPB.mp3Podcast: Play in new window | Download (Duration: 8:37 — 3.9MB) | Embedsubscribe to my podcast Apple Podcasts | TuneIn | RSS | Subscribe to Jonathan's Verdicts
Podcast: Play in new window | Download (Duration: 8:37 — 3.9MB) | Embed
subscribe to my podcast Apple Podcasts | TuneIn | RSS | Subscribe to Jonathan's Verdicts