Tag Archives: Tax Foundation

New 2020 Tax, Contribution Rates … Handy Resources

Here are the new 2020 Tax Rates, Retirement Contribution Rates and a few other Handy reminders to start the year…

A Great Resource for all your tax needs is none other… www.irs.gov… we all pay for it, and it has abundant information…not to worry, they will not know if we are reviewing the site (no increased chance of audit..haha)

The first two from Tax Foundation:

2020 Federal Tax Brackets

2020 Federal Tax Standard Deductions

2020 Comp and Contribution Limits

2020 Comp and Retirement Contribution Limits

Wish there was a way for us to track our own internal referencing of this post … it will be many!

Have a Great “2020 Tax Resource” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
jkfinancialinc
street-cents

 

 

 

Household Income By United States State and How Far $100 will go in Each State

In this cool chart from Visual Capitalist, Reddit, and the US Census Bureau, household income is divided by income levels.

It is organized from lowest to highest income over $150k.

Household Income By State

2017 household-income
Courtesy of: Visual Capitalist

How far $100 will go in each State

Scanning the last few states from the above chart one can easily conclude many of the higher income states, ALSO cost more to live in.

This from the Tax Foundation!

2017 TAx Foundation 100-Map-01

A blending of the two chars gives an idea of a possible interesting lifestyle, state by state.

Which is your favorite?

Have a Great “Pick Your Lifestyle State” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

 

USA “State” Tax freedom day … What day each state is whole for the year! 

While it may sound nice, Tax Freedom day is actually the day of the year each state’s residents have paid in enough to pay the state’s taxes for the year according to the Tax Foundation!

 

USA Tax Foundation

Have a Happy one week until tax filing day!

John A. Kvale CFA, CFP

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225