Newsletter Archive

Marotta On Money - April 24 Newsletter


Taxes and Tax Management

How to Deduct U.S. Debt Obligations on State Tax Returns (04-02-2017)

Some states do not tax their residents on income from a mutual fund that was earned on U. S. government obligations. This includes income from U. S. Treasury bills, notes bonds, and savings bonds. It also includes a percentage of dividends and interest paid by mutual funds, exchange-traded funds, and money market funds which hold U. S. debt obligations. In 2016, only 0. 92% of the Schwab Money Market Fund's interest came from U. S. debt obligations. On the other hand, 99. 69% of the dividends and interest of the Schwab Short-Term U. S. Treasury came from U. S.
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In The News

Radio: Why Corporate Tax Rates Should Be Lowered

David John Marotta was interviewed on radio 1070 WINA's Schilling Show discussing corporate tax rates, and why they should be lowered.

They discuss the economic effects of corporations paying less in taxes and how this might increase jobs and wages, not to mention shareholders in public company stocks.

Listen to the interview here.

Photo used under Flickr Creative Commons license.

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Dorothy in Taxland: Overview (06-14-2010)

Many people who use tax computation software don't understand the changing structure of the U. S. tax code. They fill in the blanks, click Compute and pay the tax. Then they forget about the torture until next year. Into this dark forest of the tax code, we throw college students and recent graduates. It is almost a rite of passage, better likened to a fraternity hazing than a step into adulthood. The byzantine rules and regulations of the tax code are carefully crafted to cover up just how much we pay each year. In other words, tax laws are obscure by design.
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Taxes and Tax Management