THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

10 Reasons Self-Employed People Get Stuck with Money, and How to Fix It

LISTEN & SUBSCRIBE HERE

10 Reasons Self-Employed People Get Stuck with Money, and How to Fix It

Today, I’m sharing my thoughts about why it’s so hard for creative entrepreneurs and ethically aligned people to get well-served when it comes to money. 

Join me in this episode as I go over the 10 main points and the solutions on how creative and mission-driven people can stop having a bad relationship with money and grow their wealth. 

LISTEN & SUBSCRIBE HERE

Today, I’m sharing my thoughts about why it’s so hard for creative entrepreneurs and ethically aligned people to get well-served when it comes to money. 

Join me in this episode as I go over the 10 main points and the solutions on how creative and mission-driven people can stop having a bad relationship with money and grow their wealth. 

Also mentioned in today’s episode: 

  • Why is it so difficult for us to get on top of our money 

  • Mission-driven people and why they can get into a bad relationship with money

  • The difference between having tax knowledge vs bookkeeping knowledge 

  • The 3 part system you need to grow your money 

  • How its possible for you to have a modest income and big stash of money 

If you enjoyed this episode, please rate, review and share it! 

Links:

https://www.sunlighttax.com/deductionsguide

https://go.sunlighttax.com/free

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Some of the Art World’s Largest Donors Have Paid Millions to Squelch a Wealth Tax

The Democratic candidates for the presidency — especially Warren and Sanders — have proposed establishing new “wealth taxes” to address income inequality in the US. This is an important conversation for our country to have, because income inequality is at a five-decade high now in the US, and has insidious effects on the entire population. But these proposals would be difficult to implement, and there’s concern that such taxes might even be subject to a constitutional challenge.

But before we get lost in that debate, I want to reacquaint everyone with the tax we already have on the books that addresses income inequality: the Estate Tax. A decades-long campaign by the ultra-wealthy has successfully confused and misinformed United States taxpayers about what the estate tax actually is and who it affects. Among those families are several of the art world’s biggest patrons, including the Koch, deVos, Mars, Bass, and Walton families.

A decades-long campaign by the ultra-wealthy, including the Koch, deVos, Mars, Bass, and Walton families, has successfully misinformed United States taxpayers about what the estate tax actually is and who it affects.

Image of a mural depicting Charles and David Koch, commissioned by Jeff Greenspan and Andrew Tider (photograph courtesy Eden, Janine, and Jim, via Flickr)

Image of a mural depicting Charles and David Koch, commissioned by Jeff Greenspan and Andrew Tider (photograph courtesy Eden, Janine, and Jim, via Flickr)

The Democratic candidates for the presidency — especially Warren and Sanders — have proposed establishing new “wealth taxes” to address income inequality in the US. This is an important conversation for our country to have, because income inequality is at a five-decade high now in the US, and has insidious effects on the entire population. But these proposals would be difficult to implement, and there’s concern that such taxes might even be subject to a constitutional challenge.

But before we get lost in that debate, I want to reacquaint everyone with the tax we already have on the books that addresses income inequality: the Estate Tax. A decades-long campaign by the ultra-wealthy has successfully confused and misinformed United States taxpayers about what the estate tax actually is and who it affects. Among those families are several of the art world’s biggest patrons, including the Koch, deVos, Mars, Bass, and Walton families.

So what is the estate tax? …read more…

This article first appeared on Hyperallergic on March 13, 2020.

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