Taxable Income and Taxes Paid: 1950-2006

Taxable Income and Taxes Paid: 1950-2006

November 4, 2012

A large part of personal income is not considered “taxable” income by the IRS. In the graph personal income (as calculated by the Bureau of Economic Analysis) is around 80% of GDP. This includes all employee compensation + after tax business income + rent + interest + other income but no capital gains. Source

Reverse Mortgage Myths and Truths

Reverse Mortgage Myths and Truths

August 14, 2012

Reverse mortgages aren’t for everyone, but they are optimal solutions for many. In fact, CNNMoney.com suggests that seniors look into reverse mortgages if they have credit or cash flow problems, and a survey by AARP indicates that over 90% of seniors who took out reverse mortgages were glad they did. Maybe you could be one […]