Should you do a Roth conversion to take advantage of the current tax rates which may be lower now than they are likely to be in the future? It may be a good idea but check out the details before you take action as your tax bill may be higher than you think.
Rep. Jason Chaffetz (R-UT) introduced a bill on March 1 that would terminate the employment of federal employees and prohibit the hiring of future federal employees who have a seriously delinquent tax debt.
Where will you live when you retire and can choose anyplace you want to go? One federal employee couple opted for a different lifestyle spending their summers in a small town in Maine–away from the hustle and crowds in the Washington, DC metropolitan area.
Many people contemplating retirement from the government but still in their fifties plan on working in the private sector. This can result in a substantial income but you might be surprised at what happens in your income tax return.
Where is the best state for a federal retiree to live? It’s a complex question with many considerations (such as family and friends) based solely on personal preferences. Some states will give you a tax break to encourage you to move there; others will get as much from your pocket as possible. Here is a list of some of the best (and worst) states for living after retirement.
Citizens asked to help rewrite the federal tax code
Taxes paid by President in 2004
The Senate may not extend the prohibition on Internet taxes. The impact of this will be significant and potentially destroy the positive impact of this new technology.