Those Hungry Coin Controlled Parking Meters
May 13, 2010 Income Taxes
Those Hungry Coin Controlled Parking MetersA US Patent was issued to Dual Parking Meter Company located in Oklahoma City, OK, US on May 24, 1938 for a coin controlled parking meter “for measuring the time of occupancy or use of parking or other space, for the use of which it is desirous an incidental charge be made upon a time basis.”
Anatomy of Form 1040 and Adjusted Gross Income
May 4, 2010 Tax Strategies
Anatomy of Form 1040 and Adjusted Gross Income
We study anatomy to identify parts of the human body. We study physiology to understand how those human parts work together to, for example, find and digest food, procreate, and pay taxes. This simple study approach is the foundation of modern medicine and, for the most part, the basis for most of us living healthy and productive lives. We can apply this same study approach to personal federal income taxes; we need to first classify parts of a federal tax return and then study how parts work together to achieve one end; how much you owe in taxes. With every passing year and the passing of revisions in the income tax code, running your life is increasingly like running a home-based business. There is no valid disagreement that paying our share in taxes is clearly the responsible way to support, at the very least, our great nation but, we similarly want to exercise control over our lives and have the freedom and wherewithal to pursue our own bliss. Careful management of YOUR cash, YOUR credit, and YOUR taxes, now more than ever, are the foundation for maintaining financial health and achieving your life-time goals. Just like sports medicine attempts to optimize speed and strength through knowledge of anatomy and physiology, understanding the interaction of income with deductions and credits can similarly maximize a refund and minimize a tax liability.
