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News

Tuesday April 24, 2018

Our News
Exciting events are happening at The Salvation Army Eastern Territory
Thank you for your interest in The Salvation Army Eastern Territory. Our hope is to serve you and your family with helpful information.
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Personal Planner
Domicile - Where You Live Affects Your Taxes
A successful business owner with a large estate passed away in 1976. He had grown up in Texas, moved to California and...
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Savvy Living
Is Your Blood Pressure Too High?
What numbers constitute high blood pressure? I use to be pre-hypertensive, but the guidelines keep changing, so I am not...
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Washington News
April 19 is Tax Freedom Day
Each year the nonpartisan Tax Foundation announces the date of Tax Freedom Day. Tax Freedom Day represents the day when taxpayers have earned enough to satisfy the nation's tax bill for the year. In 2018, Tax Freedom Day falls on April 19. This is 109 days into the 365 day year. Tax Freedom Day is determined by a simple division of all federal state and local taxes by the nation's income. The government revenue is from individual, corporate, property, sales and excise taxes. The total amount of federal tax that Americans will pay this year is $3.4 trillion. State and local taxes will total $1.8 trillion. The combined total is $5.2 trillion, which is 30% of national income. Federal taxes this year are $0.1 trillion lower due in part to passage of the Tax Cuts and Jobs Act. State and local taxes are up $0.2 trillion due to tax increases. The $5.2 trillion in taxes that Americans will...
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