With the current economic meltdown, much of the media’s attention is focused on Wall Street. But what about Main Street? Yes, the stock market has plummeted, and yes, there is a lot of blame to go around. The federal government has bailed out huge corporations like Fannie Mae, Freddie Mac, and AIG. They’ve arranged for some companies to buy out other companies. They’ve enacted legislation that will pour $700 million into the ailing U.S. economy. But it appears that each of these rescues or bailouts has largely served the interests of big business, and hasn’t addressed the real fallout: the credit crunch that is making it difficult for people to find money and obtain loans.
Do Not Settle on One or the Other: Lets say that you are in your 30s; it might not be 20 or even 30 more years before you retire. If you were always contributing to your retirement account through automatic payroll deductions, go ahead and keep doing so. You have plenty of time. If you are getting close to retirement keep limiting your purchases, but focus on both debt and retirement. You can’t retire if you are in debt and you can’t retire if you don’t have money saved. Don’t stop contributing to your 401k to put money towards your debt relief quest. It will be hard, but try to focus on both at the same time.
Thanks to the Affordable Care Act I can receive better healthcare coverage at half the price and thanks to the tax credit will receive what I pay in premiums back at the end of the year when I file my income tax return. I am poor. I work hard. I pay affordable payroll taxes, sales taxes, and my rent is surely impacted by my landlord’s property taxes and utility bill. As you know here in Statesville we pay our utilities to the local government; a tax that cannot be deducted.
After peaking at 10 percent in October 2009, the unemployment rate has been grinding lower, but far too slowly. As a result, the Federal Reserve has kept short-term interest rates near zero for more than four years and has launched a series of unprecedented bond-buying programs to further bolster the economy.
When using the Job Agents one recommendation is to create a payroll jobs separate folder in your email possibly named job hunt or the name of the website. If using MS Outlook or another email application that you can set up rules, create a rule that will sort incoming email into this folder.
Let’s say that you were told by someone who should know that your customer service department was telling customers that the company had instituted a “no returns” policy.
According to these numbers off the 2005 U.S. Internal Revenue Service Tax Rate Schedules, folks with the mortgage interest tax deduction reduce their tax bill by only 2.8% of their gross income ($2805) via deducting their home mortgage interest. (Other deductions and dependents could change their tax liability, but this is an analysis only of how a mortgage affects savings).
While employees have to wait longer between pay periods, a bi-weekly payroll is even harder for new hires. Where, with the weekly payroll, a new employee has to work the first week and wait until the end of the next to get a pay check, with a bi-weekly payroll, he may have to wait a month before getting a full paycheck.