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あらすじ・解説
Host Sammy Ross and guest Ethan Steimel discuss all things taxes. On this episode we demystify federal vs. state tax, define what tax credits vs. deductions are, and explain just where all of that tax revenue goes. For Bonus content where host Sammy Ross and guest Ethan Steimel discuss taxes as part of the freelance community, please visit: https://www.patreon.com/ThisisNotaHandout For more information about the show, please visit: https://www.thisisnotahandout.com Resources: For more on the history of Taxes: https://www.history.com/news/why-we-pay-taxes#:~:text=The%20history%20of%20income%20taxes,flat%20rate%20federal%20income%20tax. For an interesting video summary of David Graeber’s book “Debt: The First 5,000 Years:” https://www.exploring-economics.org/en/discover/an-introduction-to-david-graebers-debt-the-first-5/ For an explanation of the Excise Tax: https://www.investopedia.com/terms/e/excisetax.asp For more on Trick-Down Economics, and what a new study has found out about the policy for the last 50 years: https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/ For more on Modern Monetary Theory: https://www.investopedia.com/modern-monetary-theory-mmt-4588060 For a breakdown on our federal taxes, and what they pay for: https://www.usatoday.com/story/money/2019/04/15/what-do-taxes-pay-for-defense-social-security-medicare-and-more/3450446002/ For a look at local taxes: https://www.investopedia.com/terms/l/localtax.asp#:~:text=Local%20taxes%20fund%20government%20services,in%20the%20form%20of%20grants. For more on federal tax brackets: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets For more on FICA taxes: https://www.nerdwallet.com/article/taxes/fica-tax-withholding For more on state income tax rates and rules: https://www.nerdwallet.com/article/taxes/state-income-tax-rates For a breakdown on property taxes by state: https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585 For a look into state’s sales tax: https://www.aarp.org/money/taxes/info-2020/state-sales-tax-rates.html For more on the 2008 Financial Crisis and the impact upon the Detroit Fire Department: https://www.michiganradio.org/post/detroit-fire-department-already-struggling-will-have-do-more-less For more on tax credits vs. tax deductions: https://www.nerdwallet.com/article/taxes/tax-deductions-tax-breaks For more on state bailouts and federal spending: https://www.cbsnews.com/news/state-bailouts-federal-spending-give-receive/ For a look at the Trump Administration’s tax cuts: https://news.bloombergtax.com/daily-tax-report/the-trump-tax-cuts-promises-made-promises-kept-1 For a look at where D.C. stands for statehood currently: https://www.bloomberg.com/news/articles/2021-02-24/washington-d-c-pushes-for-statehood-after-capitol-riots For more on the stance of those who want D.C. to become the 51st state: https://statehood.dc.gov/page/why-statehood-dc For more on US Territories: https://fortune.com/2018/09/13/is-puerto-rico-part-of-us/ For more on the status of statehood for both Puerto Rico and DC: https://www.theguardian.com/us-news/2021/feb/20/puerto-rico-washington-dc-statehood-politics For more on Unemployment taxes: https://www.cnbc.com/2020/05/18/you-have-to-pay-taxes-on-unemployment-what-you-need-to-know.html For more on whether you qualify for a tax refund due to the stimulus checks: https://www.cnet.com/personal-finance/its-finally-time-to-claim-missing-stimulus-money-on-your-2020-refund-heres-how/ For more on which tax preparation software will be best for you: https://thecollegeinvestor.com/17356/free-tax-software/ For tax filing dates, including quarterly dates: https://thecollegeinvestor.com/32815/tax-due-dates/ For more on IRS payment plans: https://www.irs.gov/payments/payment-plans-installment-agreements For more on tax extensions: https://www.irs.gov/forms-pubs/extension-of-time-to-file-your-tax-return For more on the tax exclusion for the first $10,200 of your 2020 unemployment compensation: https://www.irs.gov/forms-pubs/new-exclusion-of-up-to-10200-of-unemployment-compensation For more on the tax filing extension date for 2020 taxes: https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline For Ethan Steimel’s podcast, Artistic Finance: https://www.artisticfinance.com/