Fred goes over strategies to consider in building your retirement income.  He starts by discussing how retirement income building strategies are so much more important now than in the days when many people had a pension to count on.  He also breaks down the “rollover” strategies involving your 401(k), 403(b), and IRA.  Fred answers more questions in the Stump the Guru segment.  One question was about the use of Roth IRAs and the other concerned possible re-location to a lower tax state.  You can submit your question to Fred by clicking podcast and Stump the Guru at www.moneymattersusa.net.

You can reach Fred Saide by calling 800-593-8188.

Money Matters USA

See omnystudio.com/listener for privacy information.

In this episode we talk about the tax consequences of student loan forgiveness. Generally, debt forgiveness is treated as income, and is therefore taxable. If the Biden Administration's current plan to forgive portions of student loans comes to fruition, the forgiven amount would normally be taxable. Provisions have been made to make student loan forgiveness tax free at the federal level. Some states, including North Carolina, would still treat the loan forgiveness as taxable, and borrowers would owe state taxes on the forgiven amounts. We discuss that issue, along with other issues related to taxes and higher education in North Carolina, along with the general business climate and taxation in the state of North Carolina with Senator Phil Berger, President Pro Tempore of the NC Senate.

Email: Uncommonpodcast@outlook.com

Facebook: @UncommonPOD

Twitter: @UncommonPC 

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Gab: @Duffdb  

Clips / Material:

Kid Cries after paying monopoly taxes

https://youtu.be/VzSVRxEc6XE 

Tax-Nation

https://www.archives.gov/milestone-documents/16th-amendment#:~:text=The%20financial%20requirements%20of%20the,the%20concept%20did%20not%20disappear.

Pro Act

https://www.msn.com/en-us/news/politics/bidens-pro-act-is-a-covert-tax-hike-on-77-million-americans/ar-AAWFt0i?li=BBnbfcL 

Connect with Brett on Facebook, Instagram, & X @BPOP80

Watch full length episodes on YouTube at https://www.youtube.com/@brettpopish

Be sure to rate this podcast on whatever platform you're listening on and remember #BeDEFIANT

How does the state you live in affect your Social Security benefits?  Is opting-out an option?

The median household pays more taxes in Texas than in California.

In this episode, Trishul and Aaron explore different state and local tax rates across the country. In addition to state income taxes, they look at property taxes, sales taxes, and excise taxes on goods such as on gas, alcohol, and tobacco. While income taxes are consistently progressive in the states that actually charge an income tax, most of the other taxes are regressive when compared to income. The overall impact is that taxes end up disproportionately burdening the poor, which has led to greater inequality over time.

Episode References

Who Pays?
State Income Tax Brackets
States with Highest and Lowest Taxes
New York State Tax Profile
California State Tax
Sales and Use Tax Rates
Excise Tax
Finnish Speeding Ticket Based on Income
Taxation of Muni Bonds

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

In this week's episode, Travis Watkins and Hillary Watkins discuss Cannabis Bookkeeping Essentials!

Note: There is some nice silence at the beginning of this podcast for 28 seconds. Enjoy the peace :)

Here's a link to the full video broadcast, if you'd rather watch the video.

• Audio begins (sorry about that silent part) 00:28
• What's the latest development for e-commerce sellers?03:21
• How can states pass these new laws, it seems almost unconstitutional?04:10
• What is the specifics of the new situation in Pennsylvania?05:40
• Do FBA sellers still need to file sales tax returns in Pennsylvania06:23
• Is Pennsylvania a high priority state for FBA sellers from a nexus/registration standpoint?07:25
• What if we sell on other platforms, like eBay, or Walmart, do we still have to collect tax on those sales?07:59
• Doesn't Amazon already collect tax in all states?09:15
• Why doesn't Amazon collect tax for third party sellers everywhere?09:25
• If a seller has no inventory in Rhode Island, how can they force online sellers to register and collect tax there?11:25
• Does Massachusetts require Amazon to collect tax for FBA sellers?12:45
• Why is South Carolina suing Amazon? And what does that mean for FBA sellers?13:15
• What's the difference in SC versus Washington and Massachusetts?13:45
• Do I need to turn off sales tax collection in Amazon for sales to Washington and PA because Amazon is automatically collecting and remitting it so that there's no double taxation of my customers?18:45
• Do FBA sellers still owe the B&O tax in Washington?19:30
• Should FBA sellers deregister in Washington?19:55
• Should FBA sellers deregister in Pennsylvania?21:15
• Are there penalties for sales tax filings if no tax is due?22:05
• What is the downside of deregistering in a state?22:15
• What is the risk of owing income tax now in PA?22:59
• What start date do I choose in South Carolina?24:30
• Can I do a VDA in South Carolina24:45
• Will SC refund the taxes to the FBA seller if SC loses its case against Amazon?25:01
• If I'm not registered right now in WA, should I still register?27:50
• Do states ask for an FBA seller's Inventory Event Detail Report?29:01
• How does the VDA program work in WA?30:15
• How do some FBA sellers justify to themselves registering for sales tax on a going-forward basis without paying the back tax?31:00
• How does the state of Washington find FBA sellers who aren't collecting sales tax?31:45
• How do other states find FBA sellers who aren't collecting sales tax?32:02
• How does the state of Texas find businesses that aren't collecting sales tax?34:45
• Will Amazon share seller information with other states?36:05
• Will the state of Washington drop audits of FBA sellers?36:40
• Do FBM (fulfilled by merchant) sellers have to register in any state other than their own state?38:50
• Do FBM (fulfilled by merchant) sellers have to register in Colorado or Rhode Island?39:10
• What if we don't register in Rhode Island?42:01
• Since when can Colorado42:30
• What if the Supreme Court upholds Quill in the Wayfair case?43:30
• What if the Supreme Court rules to overturn Quill in the Wayfair case?44:01
• Which states have notice and reporting statutes?47:00
• Will Congress outlaw notice and reporting rules?48:00
• If Quill is upheld, will FBA sellers be off the hook for sales tax?49:25
• Why doesn't Amazon collect tax for third party sellers in all states?50:55
• Do these new laws also apply to electronic downloads and digital goods?53:45
• Does Texas consider software as a service as a nexus-creating property?54:31
• What is nexus?55:15
• Are ebooks, vid