Ask CPA Sam

Payroll, Tax, Financial and Other Random Discussions

Entries for the ‘Economics’ Category

Education and Finances

Today is a special edition targeted to those who are still in the education system.  The consensus this time of year is “spring fever” and “I can’t wait until summer is here.”  Before you start the 2-month brain checkout however, let’s keep some things in mind. One of my favorite bloggers, Jeff Thredgold, publishes a [...]

A Government Minimum Wage

When an employee is hired in the United States, in most cases, the employer is required to pay a minimum amount per hour for the services of that employee.  As of 7/24/09, that amount is $7.25 per hour.  If that employee works 40 hours per week and 52 weeks per year, the total gross wages [...]

Stealing the Tax Base

Pardon the baseball analogy.  The season is almost over and I just couldn’t help myself. There is statistical evidence that taxpayers in high tax states are leaving those states and setting up residence elsewhere at the rate of 1100 per day.  By increasing taxes to cover shortfall, states and the federal government to an extent [...]

Oil Prices Up Again! Ouch…

Q. I’m trying to follow some of the things you wrote about last year with the budgeting. But the gas prices keep going up and it blows all my savings amount.  Why is this happening?  I though we were still in a recession. A. This is one of the great mysteries of life.  In the [...]