Hey Paul: What is the “ghetto tax”? I heard this mentioned on a blog about poverty in cities and how the poor are taxed more than others. Do we have a ghetto tax in Jessamine County? The name “ghetto tax”…
Hey Paul: What is the “ghetto tax”? I heard this mentioned on a blog about poverty in cities and how the poor are taxed more than others. Do we have a ghetto tax in Jessamine County? The name “ghetto tax”…
Hey Paul: What do you think will happen to mortgage rates this summer? We have a 30-year mortgage that we have 22 years left paying on. Our mortgage rate is 4.75%. Should we refinance our home? The refinance question comes…
Hey Paul: What are some of the easiest (and free) ways to improve our financial picture? I like your approach to tackling what may be big financial challenges by starting with the quick, simple and free actions. These small steps…
Hey Paul: We are a middle-class family with three children the oldest headed off to college next fall. We are halfway through a 30-year mortgage but otherwise do not have any debt. All our retirement savings of about $300K is…
Hey Paul: What is the difference between “tax planning” and “tax preparation”? Are they the same thing? These two terms are closely related and I suppose could mean the same thing to some people. For those who are procrastinating doing…
Hey Paul: My accountant told me that I’m in the 15% tax bracket. What does that mean? Am I paying 15% of my income to the IRS? Bracketed in Nicholasville The concept of tax brackets doesn’t come up too often…
Hey Paul: As a single Mom of two kids and a modest income I don’t have any taxes withheld from my paycheck. I won’t receive a refund as I didn’t pay any taxes. My total income for the year was…