The Tax Foundation recently released a report showing that in 2008, approximately 1/3 of tax filers paid no income tax whatsoever. Kelly Phillips Erb and Kay Bell each do a great job of explaining why this is such a cause for concern:
- Who Should Pay Taxes? from Tax Girl
- More and More Well-Off Tax Filers Are Not Paying Any Taxes from Don’t Mess with Taxes
Meanwhile, The Tax Foundation had two other particularly good reads this week:
- Can Income Tax Hikes Close the Deficit? (How high would tax rates have to be in order to fund the current level of spending?)
- Who Is Really to Blame for the Bewildering Tax Rules? (It’s not the IRS’s fault.)
Personal Finance Articles
- What Baby Sara Taught Me About Personal Finance from MoneyNing
- Is Your Life Insurance Agent Biased? from Couple Money
- Stocks Are Still a Good Idea from Bad Money Advice
- Custodial Accounts for Minors: UGMA and UTMA from Good Financial Cents
Oblivious Investor on Tour
- Probability of Success hosted by Morningstar Advisor
- What’s an ETF, and why should I care? hosted by Debt Free Adventure
Blog Carnivals
- Best of Money Carnival hosted by Cash Money Life
Thanks for reading!
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