Tax Facts Made Simple

Hey GirlMoguls – It’s Girlmogul Lily here –  have you noticed that the grownups in your life might seem a bit stressed lately?  Well that’s could because it’s tax time – yup – annual personal income taxes are due in the United States on April 15th.  This means that most Americans need to spend a bit of time going over their personal finances and filling out some paperwork – either online or in paper.

Tax day is an accepted ritual for most Americans, but I was wondering how it got started.  Luckily I was able to find a tax expert to explain it all.  Kate Kelly is a writer and historian who loves digging into our past and making it come alive – you can check out her site at http://americacomesalive.com/ for more fun facts about the past – and read below to understand just what TAXES are all about.

FUN TAX FACTS

By Kate Kelly, America Comes Alive!

Governments, like people, need an income in order to pay for what is needed, and as you can imagine, wars are one of the most expensive undertakings a country can take on.  For that reason, the beginning of our system of having our income taxed has its roots in the Civil War.  President Lincoln and Congress created a commissioner of Internal Revenue to collect taxes on income; it was repealed ten years later.

In 1894, Congress attempted to revive the income tax but it was declared unconstitutional by the Supreme Court.

In 1913, the 16th Amendment to the Constitution made the income tax a permanent fixture in the U.S. tax system.  The rates of taxation have varied widely over the years.

One of the biggest changes in the system came in 1943, when Congress passed a law that permitted companies to withhold taxes on wages, and this was vitally important in helping to fund World War II.

While the majority of Americans are resigned to the fact that they are going to have to pay taxes each year, in reading old newspaper reports about people paying their taxes, I found one story about a couple who actually embraced it:  On April 15, 1951 a 70-year-old couple in Syracuse, New York received a $27 refund check for an income tax overpayment.  They returned it to the Internal Revenue Collector, explaining their refusal to accept it as being due to their thankfulness for “the opportunity to continue working.”

To read more about America’s past, please visit www.americacomesalive.com, or on Facebook at www.facebook.com/AmericaComesAlive.  Kate’s website is also a wonderful resource for parents and families, providing little-known stories of America’s past and information for sharing our rich heritage with children, so be sure to check it out!

 

Posted by GirlMogul Lily

 

How to Make Friends – Don’t be Shy Look People in the Eye

How to Make Friends
How to Make Friends

Hey GirlMoguls – it’s back to school time and maybe you’re starting a new school – maybe you’ll be going with a group of new friends, or maybe you’re going to walk into class that very first day solo and you’re sweating it – just how are you going to make friends?  Are you worried you’re too shy?  Here are some great tips on how to be friendly:

  1. Don’t stress being shy – after all, everyone, even the most outgoing person, feels shy at times.  All you need to make friends is to get your confidence on  – and you don’t need to show up – just try a simple smile and hello to the kids in your class.  Once you get that down – and get a few smiles and hellos in return your can go for the next step
  2. Strike Up a Conversation – it doesn’t have to be a long one.  You could even script it out in front of your mirror at home.  You could compliment someone’s outfit or accessory, or maybe commiserate about the killer English homework.  A small conversation starter might lead to a longer talk
  3. Get Involved – If you want to make friends, but aren’t sure where to start, consider joining an after school club or class where you’re working on something that interests you – and all the other kids in the club.  It’s a lot easier to bond when you already share some common interests – like saving the whales or drawing comics
GirlMogul Lily
GirlMogul Lily

Posted by GirlMogul Lily

Dork Diaries: Tales from a Not-So-Fabulous Life

hey GirlMoguls – it’s book 2 in the tween Dork Diaries series – and  Nikki Maxwell our heroine is settled in at her new school with BFFs and her crush as her lab partner.  However when she overhears her nemesis Mackenzie bragging about how she’s going to the Halloween dance with Brandon, Nikki agrees to help out at her little sister’s party – but then she finds out that Mackenzie was lying – and there’s still a chance she could go with Brandon – but will she disappoint her best friends and her little sister for a boy?  Love the little cartoons, though perhaps if Nikki wasn’t so obsessed with a boy she would have an easier time of it….[ReviewAZON asin=”1416980067″ display=”fullpost”]

Passionate Profits For You

Tween Entrepreneurs Can Make Money Too!
Tween Entrepreneurs Can Make Money Too!

Hey GirlMoguls, it’s Lily here and since it’s the summer I thought you might be interested in some cool ideas to make a few bucks.  Sure you might be doing some babysitting or petsitting and lovin’ the cha-ching in the piggy bank, but perhaps you’re thinking bigger.  Like mogul bigger.  It’s true – you do not have to be a grownup to start a business.  Lots of great business got their start in someone’s kitchen or garage.   And what’s the best part about starting your own business – you can make sure you’re doing something you love – not something just to make money – like working at snack shack.

Here are some ideas you can use to turn your fave things into moolah.

Are you a crafter?  Follow the lead of Marci of MarciG, a potter who sells her creations through Etsy, an online crafts marketplace.  She launched her online pottery store when she didn’t get any of the summer jobs she applied for.  She can customize her pieces according to customer request and sometimes makes over $500 a month!

Sweet Tooth – Kalissa of Kalissa’s Cakes always loved to bake and when she noticed that a lot of her friends were having quinceaneras – a fancy birthday party for Latina girls, she started to bake cakes just for those.  She made good money and now is expanding her business to include cake decorating parties.  Yumm-O!

Are you a Puppy lover – well then look at what Amanda, a total dog lover created.   When her beloved dog Princess died of cancer she decided to create a healthier dog treat – so she whipped up vegetarian dog treats that are good for dogs and the environment and sells them online at ecodogtreats.com.

So are you inspired yet?  If you are, or want to find out more about starting a business, check out these sites:

Sba.gov/teens

Mindyourownbiz.org

Entrepreneur.com/tsu

GirlMogul Lily
GirlMogul Lily

Posted by GirlMogul Lily