Thursday, December 2, 2010

Only 29 Days Until

Until Christmas, er Taxmas.
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Capital gains and dividend tax rates will climb to 20% and 39.6%, respectively, from 15%, and the top two income tax rates will climb to 38% and 41% (including deduction phaseouts), from 33% and 35%. The typical family with an income between $40,000 and $75,000 a year will pay as much as $2,000 more in 2011, as the 10% tax rate bracket and the $1,000 per child tax credit vanish.
The current tax rates are the law of the land, this is probably going to be the largest tax increase in history.
Nov 2, 2010 meant nothing to these people.......

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