LSC | LongSchaefer CPA/PFS’ Post

Living in Oregon? Did you know for every $1 you make, you get to keep $0.67? 💸 Here's how you can keep more money in your pocket in Oregon: No Sales Tax ➡️ Unlike most states, Oregon has no state sales tax. That means you save money on every purchase you make, from groceries and clothes to gas and restaurant bills. Lower Income Tax Burden ➡️ While Oregon has an income tax, it's generally lower than the combined effect of state and local sales taxes in many other states. Plus, the tax brackets are progressive, meaning you only pay the higher rates on income that exceeds a certain threshold. Want to learn more about taxes? Let TaxGlobal be your guide. Sign up on our platform to connect with a tax professional, today. 💯 #TaxGlobal #Finance #TaxTips #OregonTaxes #OregonStateTaxes

Even the Grinch knows that Christmas isn’t just for giving—it’s also for saving! Discover some amazing tax savings tips for this festive season. Read more here: https://wix.to/t75nqqX #newblogpost #taxsavings #grinchchristmas #holidaytips #financialtips

What are taxes and what are they for? There are many different types of taxes, including income 💰 taxes, sales taxes, property 🏡 taxes, and corporate 🏦 taxes, among others. These taxes are used to fund various government programs and services, such as 🎓education, healthcare, and infrastructure. One of the main purposes of taxes is to provide the government with the 💸 funds it needs to carry out its responsibilities and serve the needs of the public. This includes everything from building and maintaining roads 🛣 and bridges, to providing education and 🩺 healthcare, to protecting the country's national security. In addition to funding government programs and services, taxes can also be used to promote social and economic policy objectives. For example, taxes on 🚬cigarettes and alcohol 🍺 are often used to discourage the consumption of these products. While paying taxes 💸 may not be the most enjoyable aspect of being a citizen or a business owner, it is an important part of participating in a democratic society. By paying their fair share of taxes, individuals and businesses can contribute to the greater good and help ensure that their communities and the country as a whole are well-equipped to meet the needs of its citizens. Overall, taxes play a crucial role in funding government programs and services and shaping social and economic policy. While paying taxes 💸 may not always be pleasant, it is an important responsibility that helps ensure the well-being of our communities and our country. #taxes #taxday #unpopular #country #community #businessowner

What are taxes and what are they for? There are many different types of taxes, including income 💰 taxes, sales taxes, property 🏡 taxes, and corporate 🏦 taxes, among others. These taxes are used to fund various government programs and services, such as 🎓education, healthcare, and infrastructure. One of the main purposes of taxes is to provide the government with the 💸 funds it needs to carry out its responsibilities and serve the needs of the public. This includes everything from building and maintaining roads 🛣 and bridges, to providing education and 🩺 healthcare, to protecting the country's national security. In addition to funding government programs and services, taxes can also be used to promote social and economic policy objectives. For example, taxes on 🚬cigarettes and alcohol 🍺 are often used to discourage the consumption of these products. While paying taxes 💸 may not be the most enjoyable aspect of being a citizen or a business owner, it is an important part of participating in a democratic society. By paying their fair share of taxes, individuals and businesses can contribute to the greater good and help ensure that their communities and the country as a whole are well-equipped to meet the needs of its citizens. Overall, taxes play a crucial role in funding government programs and services and shaping social and economic policy. While paying taxes 💸 may not always be pleasant, it is an important responsibility that helps ensure the well-being of our communities and our country. #taxes #taxday #unpopular #country #community #businessowner

Have yourself a (relatively) stress free Christmas. The Self Assessment is rapidly approaching and the last thing you want is to rush your returns and scramble to pay the tax bill. Takeadvantage of this final quarter to sort your taxes out. Don't put it off, have a stress free Christmas and New Year’s knowing the paperwork is done. #selfassessment #deadline #NumberMill

What are taxes and what are they for? There are many different types of taxes, including income 💰 taxes, sales taxes, property 🏡 taxes, and corporate 🏦 taxes, among others. These taxes are used to fund various government programs and services, such as 🎓education, healthcare, and infrastructure. One of the main purposes of taxes is to provide the government with the 💸 funds it needs to carry out its responsibilities and serve the needs of the public. This includes everything from building and maintaining roads 🛣 and bridges, to providing education and 🩺 healthcare, to protecting the country's national security. In addition to funding government programs and services, taxes can also be used to promote social and economic policy objectives. For example, taxes on 🚬cigarettes and alcohol 🍺 are often used to discourage the consumption of these products. While paying taxes 💸 may not be the most enjoyable aspect of being a citizen or a business owner, it is an important part of participating in a democratic society. By paying their fair share of taxes, individuals and businesses can contribute to the greater good and help ensure that their communities and the country as a whole are well-equipped to meet the needs of its citizens. Overall, taxes play a crucial role in funding government programs and services and shaping social and economic policy. While paying taxes 💸 may not always be pleasant, it is an important responsibility that helps ensure the well-being of our communities and our country. #taxes #taxday #unpopular #country #community #businessowner

What are taxes and what are they for? There are many different types of taxes, including income 💰 taxes, sales taxes, property 🏡 taxes, and corporate 🏦 taxes, among others. These taxes are used to fund various government programs and services, such as 🎓education, healthcare, and infrastructure. One of the main purposes of taxes is to provide the government with the 💸 funds it needs to carry out its responsibilities and serve the needs of the public. This includes everything from building and maintaining roads 🛣 and bridges, to providing education and 🩺 healthcare, to protecting the country's national security. In addition to funding government programs and services, taxes can also be used to promote social and economic policy objectives. For example, taxes on 🚬cigarettes and alcohol 🍺 are often used to discourage the consumption of these products. While paying taxes 💸 may not be the most enjoyable aspect of being a citizen or a business owner, it is an important part of participating in a democratic society. By paying their fair share of taxes, individuals and businesses can contribute to the greater good and help ensure that their communities and the country as a whole are well-equipped to meet the needs of its citizens. Overall, taxes play a crucial role in funding government programs and services and shaping social and economic policy. While paying taxes 💸 may not always be pleasant, it is an important responsibility that helps ensure the well-being of our communities and our country. #taxes #taxday #unpopular #country #community #businessowner

On the 1st day of Christmas, Washington gave Americans a $5.0 trillion tax bill—on top of the existing $2.5 trillion in state and local tax bills. That means Americans spend more on taxes than on food, clothing, and shelter combined. But this holiday season, we’re dreaming of solutions like right-sizing government so that the total tax bill is more in line with that envisioned by the founding fathers. A good first move would be to extend the Tax Cuts and Jobs Act, which would save the average American household around $3,700 annually.

A WalletHub study shows how taxes for the wealthy can vary across the US. New York has the highest tax burden on the wealthy while Alaska has the lowest. There is a clear divide in how blue states and red states tax the wealthy.

What do your taxes pay for? Taxes are one of the biggest budget items for most taxpayers, yet many have no idea what they’re getting for their money. The average household spends more on taxes than on groceries, clothing, or healthcare. In fact, 11% of our income, on average, goes to personal income taxes, which doesn’t include sales tax, property tax, Social Security payments, or Medicare payments. So what do we get in return? The accompanying chart breaks down the $6.27 trillion in federal spending for 2022 into major categories. One of the biggest categories is Social Security, which consumes almost one-fourth of the budget. Safety net programs, which includes food assistance and unemployment compensation, takes another 11%. Defense and related items take 18% of the budget, and 24% goes to Medicare and health programs.2 #Taxes #Finance #Strategy #Budget Source: https://lnkd.in/eJkETGtp