Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here.
With the fiscal cliff looming, there are two ways I see to get a handle on things.
First, we need to fix the tax code. What we’re currently doing with tax policy in the United States is broken. Our tax code is a jumbled, corrupt mess, more like what you’d find in a Third World country with all the tax preference items that politicians put in to help their key contributors.
We have a system business owners can’t possibly understand. As a business owner, you only cope with tax code, not master it. We need to eliminate games, gimmicks, and even deductions.
Steve Forbes, a former presidential candidate, was believer in a flat tax. Others like my friend Neal Boortz are in favor of a national sales tax that’s branded as the Fair Tax.
Second, we can’t afford the promises we’ve made for Medicare, Medicaid, and Social Security even with higher taxes. So that means we have to make the social network a little less generous.
This post was last modified on March 22, 2017 2:09 pm
If you've been considering signing up for one of the Chase Sapphire credit cards, now…
The costs associated with owning a home go way beyond the amount on the mortgage. …
Inflation hits people on a fixed income the hardest. Say you're retired. You're living off…
Deciding to save and invest are great habits. But once you check that box, your…
If you're considering subscribing to Fubo, you need to be comfortable missing out on some…
Are you looking for a way to earn 2% back on every purchase you make…