Our first tax trivia question is:
In 1913, Congress levied a one percent tax on net personal incomes above $3,000, with a six percent surtax on incomes above $500,000. As the nation sought greater revenue to finance the World War I effort, the top rate of the income tax rose considerably. What was the top income tax rate during World War I?
For more about the giveaway, including rules and prizes, check out this post.
Last Friday, I had the opportunity to participate in the first 22Tweets Roundtable. 22Tweets is a real time interview on twitter. The theme for the inaugural roundtable was life/work balance (yes, there is such a thing). If you missed it, you can catch all of the participants’ answers here. Thanks to Lance Godard for inviting…
I often get asked about holographic wills. Holographic wills are wills that you write yourself – and they are legal in Pennsylvania (with some caveats). One of the more amusing holographic wills that I have seen lately comes to me courtesy of the Wills, Trusts, and Estates Prof Blog. It’s a helpful read since I…
Taxpayer asks: Hi, Taxgirl – How do I confirm that I filed a federal tax return every year over the past 12 years? In college, I got a small tax refund every year, but (being in college) I was also lax about doing things I should – even those that got me a check! I…
“Love is much nicer to be in than an automobile accident, a tight girdle, a higher tax bracket or a holding pattern over Philadelphia.” – Judith Viorst, children’s author and tax activist
Luck o’ the Irish to you. Kelly Phillips Erb Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains tax news, IRS updates, scams, financial crime, and money in plain English. See Full Bio
“What is Aleppo?” The question may define presidential hopeful Gary Johnson’s campaign. It’s a reminder that one moment – especially when on a debate stage – can seriously impact a presidential campaign. Follows are 10 “Aleppo moments” that defined presidential candidates.
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I really appreciate reading your blog. There is some great stuff on here. Thanks, Kevin