Amid high food inflation and rising living expenses, the paychecks for many Americans don't quite stretch the way they once did. Now, data shows that the value of your paycheck is actively declining.
There are few words in the English language more likely to produce an involuntary wince than "audit." If your tax return is audited, you may need to pay a tax bill or tax penalties depending on what.
Making a $200,000 salary puts you in a rare category of earners in the U.S. However, while that number sure looks juicy on paper, all of it won't show up in your bank account. Taxes will take a big.