MONEY

What Are Derivatives And Credit Default Swaps?

“Derivatives are financial instruments whose value is linked to something else. They’re basically fancy instruments that have evolved over the last ten years that enable investors and institutions to bet on virtually anything, from interest rates or exchange rates to commodities.” I came across this definition of derivatives and credit default swaps in a 2008…

Fractional Reserve Currency: A Scam, A Pyramid Scheme
MONEY

Fractional Reserve Currency: A Scam, A Pyramid Scheme

Our current ‘fractional reserve’ currency system is DEPENDENT upon more debt in order to grow. It’s a statement that may sound crazy, but it’s true. If there is less debt in the system, the system itself becomes deflationary, and begins to collapse. Sick, isn’t it? Every single dollar is borrowed into existence, and it’s owed…

State Income Tax Comparison
MONEY

State Income Tax Comparison

State Income Tax Table 2010 Individual Tax Rates (percentage) Rounded to the nearest tenth Not including whatever state deductions that may exist Although New Hampshire and Tennessee are listed as zero income tax, they do tax on interest and dividend income at 5% and 6% respectively. Three income levels were chosen. A lower-than-average income, a…

State Tax Burden
MONEY

State Tax Burden

One way to look at State tax burden when comparing one state with another, is to use the same weighting factor (or value, or importance) for each category (sales tax, income tax, property tax). If you value each category the same, that is, sales tax is just as important to you as income tax which…

Lowest to Highest Taxes by State
MONEY

Lowest to Highest Taxes by State

Wondering which U.S. State may be better to live in regarding their taxes and tax burden? While we cannot escape taxes, we can make decisions which will minimize our overall State tax burden, depending on each of our own financial situations and objectives. In this article, we will address property tax, income tax, and sales…

Bartering Reborn
MONEY

Bartering Reborn

Permalink Bartering Reborn Due to Recession In this current recession, we are seeing bartering and the barter system making a comeback. Many people are experiencing great financial difficulties and job losses. Some of these people are getting themselves further into debt to get the items they need, but modern survivalists are turning to the barter…

Shop Smart Save Money – Pasta
MONEY

Shop Smart Save Money – Pasta

Permalink Shop smart and save money. This time I want to share with you the sale I took advantage of this past weekend. I purchased spaghetti in one pound boxes for 50 cents per box. The regular price is $1.25 per box (pound). That’s a 60% savings on each box! How many boxes did I…