My Photo

Keep Uncle Sam cranky!

  • It's no wonder Uncle Sam is not very happy here. His vault is empty.
    Don't Mess With Taxes aims to keep him cranky by providing tax and personal finance tips and advice that will put more money in your bank account, not the government treasury.

Great Googly Moogly!

July 2009

Sun Mon Tue Wed Thu Fri Sat
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  

Tax Calendar

  • April 15 has come and gone, but millions now have until Oct. 15 to file their 2008 returns. And millions more have 2009 tax planning to do.
  • There are plenty of year-round tax dates to keep track of, as well as lots of tax-saving moves you can make between Jan. 1 and Dec. 31.
    Find them here each month.


    monthly tax moves
  • July 1: You're halfway through the year. Now's the perfect time to make some midyear tax moves that could cut your 2009 IRS bill. If your life has changed significantly since the beginning of the year, adjust your withholding to more accurately reflect your new life, and tax, situation. Just give your employer a new W-4.

    July 4: Happy Independence Day! Celebrate your independence from future tax hassles. Hire a tax professional now to help get your tax life in shape while there's still plenty of time to plan.

    July 10: Does your job include tips? If so and you received $20 in tips in June, use Form 4070 to report them today to your employer.

    July 17: Are your kids at day camp while you work? You might be able to use that expense to claim the child and dependent care credit to cover some of the costs.

    July 21: It's been summer for month. How's your air conditioner holding up? If you need a new one, make sure it's energy efficient; that way on your 2009 tax return you can claim a tax credit for 30 percent of the cost, up to $1,500. Other energy-saving home improvements also qualify. Get the details at EnergyStar.gov.

    July 31: If you kids are older and working summer jobs, make sure they understand their tax responsibilities. You also can help your youngster get a nest egg head start by helping him or her open a Roth IRA with some of those summer earnings.

    Small Business Tax Calendar -- July: Important filing, deposit and record keeping dates your company needs to know.

Carnival of Taxes

  • Where we party like
    it's 1040 ... Form 1040!


  • Check out the latest
    Carnival of Taxes,
    #55: Tax Fireworks


    Want to be a part of the next one on August 3? Just review the Tax Carnival guidelines
    and then send
    your tax musings, mumblings,
    even music to the
    Tax Carnival submission page
    .
  • Catch up on prevous
    Tax Carnivals in our archives.

Tax Terms

  • Earned income -- It's just like it sounds: Compensation you receive from work, including wages, salaries, commissions, tips and self-employment endeavors. Learn more...
  • Unearned income -- Money that is not gained by work or delivery of a service or product. It's most well-known source is from investments. Learn more...
  • Tax rates/brackets -- The U.S. tax system is a progressive one, in which the greater the earnings, the higher the tax rate. Learn more...
  • See these and other tax terms
    in the perpetually updated
    Tax Glossary.

Cool tax quotes

  • The income tax has made
    more liars out of the American people than golf has.

    -- Will Rogers, humorist
  • I'm proud to pay taxes in the United States; the only thing is,
    I could be just as proud for half the money.
    -- Arthur Godfrey, comedian
  • Intaxication: Euphoria at getting a refund from the IRS, which lasts until you realize it was your money to start with. -- Author unknown, from a Washington Post word contest
  • "Internal Revenue Service: The world's most successful mail order business.” -- Bob Goddard, writer
  • "If you are truly serious about preparing your child for the future, don't teach him to subtract. Teach him to deduct." -- Fran Lebowitz, writer
  • "The United States has a system of taxation by confession." -- Hugo Black, Supreme Court Justice

But wait! There's more!

  • If you'd like to view more than
    the posts shown on this page, Arrow_right click here to go to the Don't Mess With Taxes archives page. There you can browse earlier blog items by the month they were posted or by their category.

What are you looking for?

  • Looking for something in particular? If you know the general topic, you can click on it in the "Categories" section that follows. Or you can enter specific keywords in the box below for a Lijit search of
    Don't Mess With Taxes.

I gotta tell ya ...

  • AKA Disclaimer:
    The content on Don't Mess With Taxes is my personal opinion based on my study and understanding of tax laws, policies and regulations. It’s provided for your private, noncommercial, educational and informational purposes only. It’s not a recommendation or endorsement of any company or product. I strongly suggest that when it comes to filing your taxes, you get additional, professional, paid-for guidance from your accountant and other financial advisers who are familiar with your individual circumstances. In other words, don't blame me!

©©©©©

Reading room

Andertoons


  • DAILY CARTOON click to enlarge
    ANDERTOONS.COM OFFICE CARTOONS

Rocking Around Austin!

Dept. of N-yah, N-yah!

« Going shopping at the Gap | Main | One good egg,
one scrambled mess »

Thursday, February 16, 2006

We're #45!

I live in the 45th most livable state. Think I can get a foam finger with that on it?

Personally, I think I live in the best state, but my opinion differs from the latest livability assessment by Morgan Quitno Press.

And that leads to two questions.

What is a Morgan Quitno? And how exactly did it determine the livability of Texas and the other 49 states (Washington, D.C. wasn't included)?

Us_map Let's take the second question first. In announcing its 2005 rankings, the publishing company compared states in more than 550 categories.

Then it averaged each state's rankings for 44 factors (both positive and negative), such as unemployment rates, job growth, sunny days, teenage birthrates, homeownership, books in public libraries per capita, highway fatality rates and, of course, taxes.

Using this data, New Hampshire comes out on top, for the second straight year. For the seventh year in a row, Mississippi finishes dead last. You can check out the complete listing here.

Hmmm. Why does the great "lies, damn lies and statistics" comment by British statesman Benjamin Disraeli (and popularized here across the pond by Mark Twain) come immediately to mind? In fact, this report is right up there with one on home values that I wrote about here, invoking the sister quote about "figuring liars."

Not that I'm calling anybody a liar. It's just that information, numerical and otherwise, can be manipulated in oh so many ways. Just think back on any conversation you've ever had about what exactly the Bible says.

Well, commenting on someone's house or the place it's located is right up there with impugning their religion. I mean, Texas is 45th on this list! Only five from the bottom! Get real!

I live in Austin, the capital of the Lone Star State, the best one in the Union! It's a great mid-sized city with fabulous things to offer: music (Live Music Capital of the World as exemplified each year by at the South by Southwest Music Festival that's just around the corner, not to mention Austin City Limits); food (Tex-Mex, BBQ and chicken-fried steak, not to mention more cosmopolitan fare).

There's a burgeoning film industry (home of, among others, innovative writer/director Robert Rodriguez, along with the South by Southwest Film Festival) and plenty of theaters to show all types of first-run movies.

Austin also is home to lots of visual arts venues; a world-class university (although as a grad of rival Big 12 school Texas Tech, it pains me to admit that!); lovely Hill Country terrain; and recreational opportunities out the wazoo.

Plus, you gotta love a place with an unofficial motto of "Keep Austin Weird."

I could go on and on. Point is, there's no place I'd rather live.

Of course, I have friends that beg to differ. They can't understand why I left Florida (ranked 37th this year; I guess the Sunshine State didn't register too brightly on the survey's sunny days component).

Then there are those who understand my reasons for moving. They also packed up their Florida belongings and transported them to similarly lower-ranked places like Alabama (#39) and, yes, even #50 Mississippi.

And we've got friends in Maryland (#12), Virginia (#5) and Washington, D.C. (not counted …) who still can't understand why we left the Mid-Atlantic region after spending so many very pleasant years there.

But we're all very happy where we now are, scattered across the United States. And I suspect everyone everywhere but New Hampshire agrees with me that this study is dead wrong.

Which brings me to my first question: What is Morgan Quitno Press?

According to its Web site, it is an independent private research and publishing company. Since 1989, the company has specialized in reference books that compare states and cities in several different subject areas.

Again, I'm not questioning their methodology or findings (well, I guess I am questioning their findings ...). But I will say that these kinds of comparisons are rife for second-guessing. 

I suppose, though, that actually could provide a promotional edge. It certainly gets a lot of people talking about the company and its annual rankings and possibly sells a few more books.

Speaking of locations, from where does Morgan Quitno pass its judgment on the nation's livability? It's based in Kansas, which came in 20th this year.

That's about in the middle, both geographically and in the rankings list, which I suppose is probably as good a place as any to survey the rest of the country.

Taxes across America: If taxes are a key issue for you in deciding where to live, you can check out your state's tax laws here.

And if you do decide to relocate, here's TODAY'S TAX TIP for you. You might be able to write off some of the costs on your tax return!

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8345157c669e200d83474d47d53ef

Listed below are links to weblogs that reference We're #45!:

Comments

This post was included in Austinist's best of the Austin blogs this week.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Buy My Book!

  • Got tax geek friends? My new book, "The Truth About Paying Fewer Taxes," is the perfect gift.

    Got friends who simply want to make sure they don't overpay the IRS? "The Truth About Paying Fewer Taxes" is perfect for them (or you!), too.

    Look for it now on bookstore shelves or order from Amazon and Barnes & Noble.


  • TruthAboutTaxes

  • Also check out my AmazonConnect Author's Blog.

Staying in touch
Web 2.0 style

Kay's tweeting about ...

    follow me on Twitter

    Subscribe: by e-mail,
    RSS feed or both!

    Horn tootin'

    Forbes.com Business & Finance Blog Network

    More PF Blogs

    Politics Plus

    Et Cetera

    Blog powered by TypePad
    Member since 11/2005

    Keeping count

    • eXTReMe Tracker

    Where in the World?