Today's tax burden much lower than 30 years ago

One thing most Americans can agree upon is that taxes are just too darned high. Our forefathers and foremothers didn't have to put up with such a problem, did they?

Well, yes they did, according to this illuminating infographic courtesy of our friends at Mint.com. Click on the graphic to see it in a larger size on Mint.com.


Personal Finance Sofware Mint.com

Tax Tips for Teachers: Deducting Out-of-Pocket Classroom Expenses

School teachers commonly dip into their own pockets to pay for classroom materials. In fact, a 2013 survey by a trade group for the school supplies industry found that 99.5% of public school teachers paid at least some classroom expenses with their own money—an average of $945 apiece in the preceding school year. Teachers can find some relief in the fact that the federal tax code includes deductions to help ease that burden.

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Important Tax Deadlines and Dates

Knowing when and what you have to file can save you a lot of headaches at tax time. To avoid paying penalties, mark your calendar with the following important tax deadlines.

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Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)?

The Affordable Care Act requires all Americans to have health insurance or pay a tax penalty. But, who qualifies for an Affordable Care Act exemption? Find out more about who qualifies for an exemption from the Affordable Care Act tax penalty.

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Taxes and Reducing Debt

By allowing deductions for certain kinds of interest, Congress is happy to help subsidize your debt. Be sure to accept these invitations to save yourself money.

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