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5 Ways to Lower Your New York State Tax Bill

The Motley Fool

Image source: Getty Images Ah, New York, the Empire State: home to the Big Apple, cascading waterfalls, and, not so proudly, some of the highest taxes in the nation. Whether you're a city slicker dodging taxis or a country dweller enjoying the serene landscapes, one thing unites all New Yorkers: the quest to lower that pesky tax bill.

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Here Are 8 Ways the Richest Americans Avoid Paying Taxes

The Motley Fool

Image source: Getty Images Have you ever heard that multi-billionaire Warren Buffett pays a lower federal income tax rate than his secretary? Many ultra-wealthy American households pay surprisingly low effective federal income tax rates, and in some cases, no taxes at all. No tax breaks are designed to only benefit billionaires.

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These Were the 5 Biggest Tax Scams That Snagged Small Business Owners

The Motley Fool

Image source: The Motley Fool/Upsplash It's never too early for small business owners to start thinking about taxes. Small business tax season goes all year round -- with quarterly estimated tax payments, payroll taxes, and other tax obligations specific to your state or industry.

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7 Ways Everyday People Become Millionaires

The Motley Fool

When they purchase a car, they keep it for the long haul It's no secret that vehicles depreciate in value the moment you drive them off the lot. They build an emergency fund Another thing that most wealthy people have in common (even before they become wealthy) is the value they put on having an emergency savings account.

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I'm Nearing Retirement Having Met My Savings Goal. Now What?

The Motley Fool

Bonus offer: unlock best-in-class perks with this brokerage account Read more: best online stock brokers for beginners 1. The interest on these bonds is subject to federal tax, but not state or local tax. Those often have strong yields but there are no tax breaks involved.

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2 Bargain-Basement Stocks to Buy Now to Make You Richer

The Motley Fool

Those entities have some tax complexities, which tend to weigh on their valuations compared to traditional corporations. In addition, some already tax-advantaged accounts (IRAs) don't allow investors to hold partnership units, and many stock market indexes don't allow partnerships. billion to $13.5 That puts its valuation at 7.2

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Why QuantumScape Stock Was Stalling Today

The Motley Fool

QuantumScape is still asking for patience QuantumScape reported a generally accepted accounting principles ( GAAP ) loss of $134.5 The company has $938 million in liquidity and expects an adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) loss of $250 million to $300 million for 2024.