Finance Foundations: Income Taxes

Contents

• Introduction Introduction

  • Learn the fundamentals of income taxes

    1m 45s
  • What you should know

    26s
• 1. Income Tax Overview 1. Income Tax Overview

  • The history of income taxes

    2m 28s
  • Different kinds of taxes

    3m 16s
  • How many sets of books does a large company keep?

    3m 19s
• 2. A Simple Income Tax System 2. A Simple Income Tax System

  • "Taxman" by the Beatles

    1m 9s
  • Tax brackets

    3m 22s
  • Average and marginal tax rates

    3m 28s
  • Tax deductions and tax credits

    3m 10s
  • Ordinary income and capital gains income

    3m 28s
• 3. Common Tax Loopholes and General Income Tax Policy 3. Common Tax Loopholes and General Income Tax Policy

  • Who gets tax breaks?

    1m 36s
  • Examples of individual tax breaks

    3m 19s
  • Examples of business tax breaks

    2m 26s
  • The biggest individual tax loopholes in the US tax code

    2m 37s
  • The biggest corporate tax loopholes in the US tax code

    1m 19s
  • What is the optimal income tax rate?

    2m 22s
  • The relationship between tax revenues and spending

    2m 53s
• 4. Completing a Basic Tax Return 4. Completing a Basic Tax Return

  • Della and Dee Stice doing people's taxes

    1m 57s
  • Joint Form 1040: Entering personal information

    4m 21s
  • Joint Form 1040: Computing adjusted gross income (AGI)

    3m 58s
  • Joint Form 1040: Computing the total tax

    4m 22s
  • Joint Form 1040: Additional tax payment or tax refund

    4m 14s
  • Itemized deductions

    1m 26s
  • Single Form 1040: Computing Adjusted Gross Income (AGI)

    2m 36s
  • Single Form 1040: Additional tax payment or tax refund

    2m 59s
  • Online tax returns

    1m 12s
• 5. Principles of Tax Planning 5. Principles of Tax Planning

  • Tesla and tax planning

    2m 12s
  • What is tax planning?

    2m 17s
  • Strategy 1: Shift income from one time period to another

    4m 2s
  • Strategy 2: Shift income from one pocket to another

    3m 29s
  • Strategy 3: Change the character of the income

    2m 50s
• 6. Corporate Income Taxes 6. Corporate Income Taxes

  • How large are corporate income taxes?

    2m 10s
  • Ownership structure: Sole, partnership, and corporation

    3m 48s
  • Corporate income tax issues

    4m 14s
  • Multinational corporate income tax issues

    4m 14s
• 7. Income Taxes: Planning vs. Evasion 7. Income Taxes: Planning vs. Evasion

  • Reporting foreign income on US income taxes

    1m 57s
  • Tax evasion: Beware of illegal strategies, part 1

    4m 6s
  • Tax evasion: Beware of illegal strategies, part 2

    3m 58s
• 8. Common Income Tax Issues for Small Businesses 8. Common Income Tax Issues for Small Businesses

  • Tax issues at a family grocery store

    1m 31s
  • Common tax issues for small businesses, part 1

    4m 32s
  • Common tax issues for small businesses, part 2

    3m 17s
  • Is your goal to minimize your income taxes?

    2m 43s
• Review and Conclusion Review and Conclusion

  • Taxes can be complex, but you have the basic tools

    1m 47s
  • Concluding income tax advice

    1m 41s