Greetings, friends. For the past 4 years I’ve shared the Go Curry Cracker tax returns to showcase how the Four Principles of Tax Free Living are applied in the real world.
I violate Principle #1 myself, which means I get to file additional tax forms, namely the Schedule C, Profit or Loss From Business (Sole Proprietorship). This is of course good fun.
It would be a shame to keep all of these good times to myself, so this year let’s explore the GCC business taxes. In doing so, I will reveal all of the juicy details on how I make (and spend) money blogging.
GCC: Tax Day is just around the corner, so what better time to showcase someone who has gone head-to-head with the US tax code and come out the victor.
Today’s guest post is by the Frugal Professor, and he is here to highlight how the Earned Income Tax Credit has accelerated his family’s path to Financial Independence.
Another year, another tax return.
For the 4th year in a row, we’ve had taxable income in the six figures range with income tax burdens of ~zero, or even negative. Uncle Sam is by far my most generous relative.
This year is much the same, although I decided to throw the IRS a token dollar.
New Construction (Not our house, photo credit)
Greetings friends, I have big news! We’ve purchased a home! A real stick-built house with walls and everything!
I haven’t been this giddy since I was a school boy, so let me tell you all about it.
Saving a high percentage of income as a path to financial independence has received a lot of recent attention in the press. I love that this crazy idea has almost become a movement, changing lives for the better.
Due to the publicity I’ve had the good fortune to meet several strangers who have become friends, thanks to the common bonds of world travel and financial wizardry.
However, I have a confession to make: I have more in common with the detractors. I actually really suck at being frugal.