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Tax Brackets and Provisions Little Changed For 2010
10-16-2009, 04:55 PM
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#1
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Tax Brackets and Provisions Little Changed For 2010
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10-16-2009, 06:04 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
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 Quote:
Originally Posted by haha
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Thanks Ha. So........ increased rates for married couples earning over $250k and singles earning over $200 must be coming in future years.
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10-16-2009, 06:06 PM
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#3
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Hmmmm - well, I guess I can reuse this years spreadsheets for estimated taxes then!
Audrey
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10-16-2009, 07:10 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Jun 2006
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Quote:
Originally Posted by youbet
Thanks Ha. So........ increased rates for married couples earning over $250k and singles earning over $200 must be coming in future years.
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I thought everyone knew that. That is what has been stated all along.
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10-16-2009, 07:32 PM
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#5
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Quote:
Originally Posted by Zathras
I thought everyone knew that. That is what has been stated all along.
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So, you're the guy in the know...... What year will the new tax rates for those "wealthy" folks kick in? I really haven't heard.
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"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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10-16-2009, 07:59 PM
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#6
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In every news story I have heard that talks about the timing, they will kick in when the Bush tax cuts expire.
Although, there have also been more recent news reports indicating that no taxes would be raised while we are in the recesion.
So while I can't give you a definitive answer, it seems at the very soonest it will be when the Bush tax cuts are due to expire and could be a year or two later.
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"We do not inherit the earth from our ancestors, we borrow it from our children.
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10-16-2009, 08:08 PM
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#7
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I think the phrase "Bush tax cuts" is kinda funny. I didn't know the president could make tax cuts, I figured it was law or something.
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10-16-2009, 08:15 PM
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#8
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Quote:
Originally Posted by Zathras
In every news story I have heard that talks about the timing, they will kick in when the Bush tax cuts expire.
Although, there have also been more recent news reports indicating that no taxes would be raised while we are in the recesion.
So while I can't give you a definitive answer, it seems at the very soonest it will be when the Bush tax cuts are due to expire and could be a year or two later.
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OK, thanks. It sounded like you had more definitive info than that. I guess we'll just have to wait and see.
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"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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10-17-2009, 03:40 PM
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#9
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Recycles dryer sheets
Join Date: Nov 2003
Location: Charlotte
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Anyone seen any projections of what 2011 tax rates may look like; i.e., more specifically what rolling back the tax breaks thru 2010 would look like?
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10-17-2009, 04:00 PM
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#10
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Quote:
Originally Posted by samclem
I think the phrase "Bush tax cuts" is kinda funny. I didn't know the president could make tax cuts, I figured it was law or something.
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Hmm, I do suppose it would be more accurate to say: 'The tax cuts which congress passed while bush was in office'.
Bush tax cuts is much shorter though 
It does seem that we (general public) give lots of credit/blame to the POTUS for things congress passes while they are in office.
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"We do not inherit the earth from our ancestors, we borrow it from our children.
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10-17-2009, 08:23 PM
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#11
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Quote:
Originally Posted by Zathras
Hmm, I do suppose it would be more accurate to say: 'The tax cuts which congress passed while bush was in office'.
Bush tax cuts is much shorter though
It does seem that we (general public) give lots of credit/blame to the POTUS for things congress passes while they are in office. |
I'm no fan of Bush Jr but he ran on tax cuts and push them through.
Give him some credit, if you going to blame him for Katrina/Iraq,
you got give him credit where credit is due.
Likewise, Obama will get credit(or blame) for health care reform.
Is the credit/blame total deserved, nope, it's the way of the world.
TJ
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10-17-2009, 08:37 PM
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#12
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Quote:
Originally Posted by teejayevans
I'm no fan of Bush Jr but he ran on tax cuts and push them through.
Give him some credit, if you going to blame him for Katrina/Iraq,
you got give him credit where credit is due....
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My comment was in response to Sam's post.
He did run on tax breaks and he did use the influence of his post to help push them through.
While congress actually voted on the tax breaks, bush certainly deserves some credit for getting it done.
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"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
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10-17-2009, 08:43 PM
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#13
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I was just hoping to get you to say "Congress's War in Iraq" by the same line of reasoning . . .
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