How Will The 2011 Tax Cut Work For You?

Surprise, everybody! We are getting a tax cut this year. What does that mean? It means that our paychecks will be bigger. Why? There is a 2% cut in the portion of the payroll tax for Social Security. It means that an individual wage earner may enjoy a savings of up to $2,136.00. Households with two wage earners who both make more than $106,800.00 will get $4,272.00.

This article targets ways to use this extra money for our greatest good. Yes, I'd like a huge HD television. I might even like to take on a new car payment. However, I am not going to do either because those are choices that will just get me into debt.

Here is what I propose to do with the savings I receive. I will pay down a debt I already have. This I see as the most financially harmful thing to get rid of. There are other places to put the extra money. How you choose to use it depends on your current situation.

If you are fighting to make monthly payments for necessities like rent, mortgage, utilities or even food, this temporary windfall is your opportunity to get current on such payments.

You may want to pay yourself by putting the extra money into a savings account for real emergencies only. You can have your bank transfer funds automatically every month. That is the simplest way.

You may have been thinking, as I have, that Social Security may not be there for you when you become eligible. So, you will probably choose to save for retirement. Keep in mind that this tax cut has been enacted in the interest of stimulating the economy. Somewhere, down the line, the amounts awarded and age for receiving Social Security will no doubt change to make up for this 2011 tax cut.

There are changes in the reimbursement for non-prescription drugs. Check out your employer's health plan. If you still have a cafeteria health plan, be sure to know how the changes affect you.

Finally, with the job market anyone's guess today, job retraining may be a good way to use the money to help you advance in your career or land a new job.

As a smart consumer you know that this tax cut, thought a pleasant surprise, is only a one-year windfall. Credit counselors for the National Foundation for Credit Counseling warn us to take this opportunity to better enhance our financial situations. Do you wish to be left in the mire, drowning? Or do you wish to stand on solid earth?

Author: Jane Hercules, MS Ed is an expert in the prevention of mail theft and mailbox vandalism. She is a teacher and long-time advocate for children. She believes that in today's world there are measures adults must take to secure the well-being and future of their families. Identity theft is increasing and there are ways to prevent it.

Are there really tax advantages to owning my own business?

"We all know the real secret to success—you have to own your own business. To really make our dreams come true, we need to control our own destiny and develop our own financial freedom because Social Security just isn’t going to cut it any more!

America was founded on the principle that people can and should be able to control their own destiny. America is the land of opportunity because it is a country that fosters small business owners through its tax system, through its laws and through it amazingly open free market. Americans everywhere have the right to start their own business and to reach the level of economic prosperity of their choosing—they are not forced into a box or held at an artificially low level.

The tax system heavily favors people willing to take risks by starting their own business. Just the fact that you have purchased the John Beck Amazing Profits tax lien and tax deed business helps you save on your taxes—consult with a local tax expert to personalize the deductions and maximize your tax savings through business ownership.

John Beck’s Amazing Profits tax lien and tax deed business has helped thousands of people save on their tax bill and earn their way towards financial freedom. Business ownership requires a different mentality than that used to be an employee, but you will find that this mindset gives a freedom and a power to your life which cannot be found working for someone else.
John Beck has assembled a number of tools and other helps to help you succeed as a small business owner. These include his Land bank, his Property Vault and his team of specially trained hotline staff available to answer any question you might have as you take your steps to success.

The Land bank was created to give John Beck’s students a safe place to learn this market by allowing people to buy John’s own personal picks right out of his portfolio which are already researched and priced at wholesale prices. The Property Vault is a tool that makes it easy to search for properties matching your investing criteria from all over the United States. The hotline is there to support your every move as you begin to build your business.

Don’t let fear ripoff your future. Don’t let naysayers scam you from finding your niche as a successful small business owner in control of your own financial destiny possessing the freedom of having enough money and enough time to live the life of your dreams. Take John Beck’s proven system, learn the tax lien and tax deed foreclosure market and start making money today.