THE SUNLIGHT TAX BLOG:
Tax and Money Education for Creative People, Freelancers and Solopreneurs
search A TOPIC
Categories
- Business Management 22
- Creative Specific 3
- Estimated Quarterly Taxes 8
- General Economy; Tax Policy and Legislation 52
- Get to know Hannah Cole 8
- Interviews and personal stories 37
- Personal Finance 26
- Personal and Career Development 22
- Practical and Tactical Tax 57
- Retirement and Future Success 28
- Sunlight Podcast 149
- Tax Deductions for Freelancers and Self-Employed 9
- the Sunlight Tax Podcast 70
What’s in the 12/27 stimulus bill for freelancers and arts organizations?
Here’s a list of provisions in the bill that are most likely to affect freelancers and creative people.
Stimulus payments
Stimulus payments of $600 per taxpayer plus $600 per dependent under 17 will be sent out to the bank account you have on file with the IRS. Otherwise, you will get the money as a paper check or prepaid debit card.
Radio Interview with Hannah
In January, Hannah appeared on WPKN radio in on the What’s Happening New Haven show for an interview with Bonnie Lykes.
How Banks Artwash the Funds that Enable Police Brutality
The very banks that collect large fees for packaging and selling municipal debt for police brutality settlements whitewash their images by lavishly sponsoring museums, performance venues, and community arts programs.
Some of the Art World’s Largest Donors Have Paid Millions to Squelch a Wealth Tax
The Democratic candidates for the presidency — especially Warren and Sanders — have proposed establishing new “wealth taxes” to address income inequality in the US. This is an important conversation for our country to have, because income inequality is at a five-decade high now in the US, and has insidious effects on the entire population. But these proposals would be difficult to implement, and there’s concern that such taxes might even be subject to a constitutional challenge.
But before we get lost in that debate, I want to reacquaint everyone with the tax we already have on the books that addresses income inequality: the Estate Tax. A decades-long campaign by the ultra-wealthy has successfully confused and misinformed United States taxpayers about what the estate tax actually is and who it affects. Among those families are several of the art world’s biggest patrons, including the Koch, deVos, Mars, Bass, and Walton families.
The Insidious Role of Gender Bias in How Artists Grapple with Personal Finances
When I met Dr. Katherine de Vos Devine at a business retreat we bonded immediately. Both I (an artist and tax expert) and de Vos Devine, an intellectual property expert, art historian, and lawyer who works with artists, counsel clients struggling with the same money issues. Though neither of us is a personal finance expert, we address personal finance issues as professionals who help artists manage their businesses. I see artists repeatedly making the same expensive mistakes that could be avoided with some basic knowledge of personal finance. Furthermore, de Vos Devine and I both encounter women artists who lack confidence due to the pressure of harmful art and gender myths about money.
What are your money concerns?
Suggest a blog topic for Hannah here.