Despite being a state with relatively lower taxes, there are several notable exceptions to Utah’s “less is more” method of taxation. These exceptions mainly come in the form of consumption taxes, most of which are luxury taxes. Although Utah has a state income tax, a property tax, and a general sales tax, there is a Read More
PART 2 The world is smaller than it has ever been, before. Because of this, travel has also been democratized to the point where so many people can take to the world with a spirit of adventure. However, there are challenges that should be considered ahead of time, especially when it comes to money. This Read More
PART 1 The world today seems smaller than it ever has before, due to the increases in technology in transportation, as well as our constant coverage of social media, which makes the planet seem like it is merely in our backyard. However small it seems, though, one cannot truly begin to understand the planet until Read More
It seems that there is no bigger boogeyman in the United States government than the perennial, symbolic taxman that is the IRS. Although the fears of the IRS are largely overblown, and the agency is slowed down by the momentous bureaucracy that permeates it, there are financial measures that the IRS is allowed to take Read More
Ben Franklin once famously espoused “in this world nothing can be said to be certain, except death and taxes.” While this may be true, it’s a little less so for certain individuals. Did you know that there are demographics who are exempt from paying a federal income tax? While they will usually pay taxes in Read More