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Tip of the Day

Tip of the Day Stocks First, Bonds Later

Stocks First, Bonds Later - One of the most common mistakes made by investors today is age. Yep, that is right. You should invest in the stock market...

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Tax Deduction

Definition: Allowably tax deductions reduce the tax liability for an individual or business.

Advice: Here's an example of how a tax deduction works:

Sally is a teacher who made $45,000 last year.  She incurred $250 in expenses to stock her classroom and this is an allowable deduction.  When deducted from her income, her new taxable income is $44,750.  Deducting this $250 saved her $62.50 in taxes ($250 * 25%).

 

 

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Definition of the Day Confidence Level

Confidence Level - the confidence level is a measure on the likelihood a company will reach its goals... It’s generally an equation or degree of certainty that a company is capable of living up to its business plan, or promises.  Some companies use a simple and effective way of judging...

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