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It only benefits families with child care expenses who owe federal income taxes.
FORBES: Simplifying Child Care Tax Benefits
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But its return will make a significant impact on athletes who deduct tens sometimes hundreds of thousands of dollars in agent fees, union dues and training expenses in addition to their mortgage interest, real estate taxes, state income taxes (athletes are taxed in nearly every state they play), charitable contributions, investment expenses and tax preparation fees.
FORBES: Tax Uncertainty And Fiscal Cliff Affecting Athletes' Decisions
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Once you reach age 65, you can use HSA money for nonmedical expenses, but you'll owe income taxes if you do.
FORBES: Investing
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This requires that we raise income taxes in the short term to 12% to cover normal on budget expenses.
FORBES: No, The United States Will Not Go Into A Debt Crisis, Not Now, Not Ever
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Because it's a separate entity, the corporation pays taxes at the corporate rate on all income that's left after business expenses (including salaries) are paid.
WSJ: Forming a C Corporation
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My ebook, Ask the Taxgirl: Everything Parents Should Know About Filing Taxes (Including Child Care Expenses, Medical Costs, and the Earned Income Tax Credit), went live.
FORBES: Kids, Parenting and Taxes
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He decided they needed to keep "committed expenses" at or below 60% of their gross income (their salary before taxes) to come out ahead at the end of the month.
NPR: Untangle Your Finances Before Tying the Knot