Raising Financial Freedom

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Tax evasion is an illegal way people evade paying taxes by different means such as failing to report all or some of their income. In contrast, Tax avoidance is a legal way of managing you taxes by different means such as deductions, credits, and adjustments. #financialliteracy
Effective tax rate is the taxpayer's average tax rate, or what share of their total annual income they'll need to pay in taxes. Marginal tax rate is the amount of tax that applies to each additional level of income. #financialliteracy
The Internal Revenue Service (IRS) is the revenue service of the United States federal government, and responsible for collecting taxes and administering the Internal Revenue Code. #financialliteracy
The Securities and Exchange Commission (SEC) enforces the federal securities laws and regulates the majority of the capital market. #financialliteracy
There are several different types of bank • State Bank / Central Bank • Retail Bank • Commercial Bank • Shadow Bank • Investment Bank • Cooperative Bank/Credit Union #financialliteracy
Raising Financial Freedom weekend thoughts: #parenting
Commercial paper is an unsecured promissory note with a fixed maturity date. it is issued by large corporations to obtain funds to meet short-term debt and is backed only by an issuing bank or company promise to pay the face amount on the maturity date .#financialliteracy
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