|
bush tax cuts - when expire
12-13-2009, 05:40 AM
|
#1
|
Recycles dryer sheets
Join Date: Apr 2004
Posts: 137
|
bush tax cuts - when expire
When do the Bush tax cuts expire ? Are they still in effect for the 2010 tax year, payed in April of 2011 ?
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
12-13-2009, 05:43 AM
|
#2
|
Full time employment: Posting here.
Join Date: Oct 2007
Location: New York
Posts: 898
|
IIRC they expire Dec 31st, 2010.
Personally, however, I wouldn't count on the 15% cap gains tax surviving through 2010. It may, but to be on the safe side I'm 'harvesting' gains this year in a few areas. Again that's just my personal opinion.
__________________
Money's just something you need in case you don't die tomorrow.
|
|
|
12-13-2009, 06:16 AM
|
#3
|
Recycles dryer sheets
Join Date: Apr 2004
Posts: 137
|
So whatever basic income I make in 2010 will be taxed under the Bush tax cuts ?
|
|
|
12-13-2009, 06:29 AM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,003
|
Yes. Unless Congress makes any changes to them during 2010, which seems unlikely, but you never know.
|
|
|
12-13-2009, 09:44 AM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
|
Those married couples with kids out there, brace for a major tax increase in 2011. The marriage penalty comes back and the child tax credit gets cut in half, among other things.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
|
|
|
12-14-2009, 02:20 PM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,003
|
NOTE: This topic moved from a discussion of the impact of expiring tax cuts into partisan political comments resulting in the deletion of a number of posts. Further political comments will result in the closing of this thread.
__________________
Numbers is hard
|
|
|
12-14-2009, 08:31 PM
|
#7
|
Moderator Emeritus
Join Date: Oct 2007
Location: Portland
Posts: 4,946
|
I figured out how to beat the end of the tax cuts.
I'm not going to have any income!
|
|
|
12-14-2009, 09:48 PM
|
#8
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,764
|
Quote:
Originally Posted by REWahoo
NOTE: This topic moved from a discussion of the impact of expiring tax cuts into partisan political comments resulting in the deletion of a number of posts. Further political comments will result in the closing of this thread.
|
Man! I always miss the good stuff.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
|
|
|
12-15-2009, 07:46 AM
|
#9
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
|
Quote:
Originally Posted by M Paquette
I figured out how to beat the end of the tax cuts.
I'm not going to have any income!
|
I think we are all working toward that goal! I figure it is a lofty goal since the government seems dead set on incentivizing this activity (or rather a lack of activity). (Hope that's not too political)
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
|
|
|
12-15-2009, 09:34 AM
|
#10
|
Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,691
|
Quote:
Originally Posted by FUEGO
I think we are all working toward that goal! I figure it is a lofty goal since the government seems dead set on incentivizing this activity (or rather a lack of activity). (Hope that's not too political)
|
On that subject, I've heard the lack of income limits for Roth transfers in 2010 doesn't expire.
Tom
|
|
|
12-15-2009, 06:51 PM
|
#11
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,764
|
Quote:
Originally Posted by FUEGO
I think we are all working toward that goal! I figure it is a lofty goal since the government seems dead set on incentivizing this activity (or rather a lack of activity). (Hope that's not too political)
|
I'm not sure how that can be too political, since it's the same whichever party is in charge.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
|
|
|
12-15-2009, 08:10 PM
|
#12
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
|
Quote:
Originally Posted by FUEGO
I think we are all working toward that goal! I figure it is a lofty goal since the government seems dead set on incentivizing this activity (or rather a lack of activity). (Hope that's not too political)
|
Though I agree with that sentiment in theory, I've spent most of my "career" as an hourly-wage rat, and I can assure you that for all the talk of Uncle Sam taking most of it, the worker bees still line up for overtime...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
|
|
|
12-16-2009, 10:57 AM
|
#13
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
|
Quote:
Originally Posted by HFWR
Though I agree with that sentiment in theory, I've spent most of my "career" as an hourly-wage rat, and I can assure you that for all the talk of Uncle Sam taking most of it, the worker bees still line up for overtime...
|
I'm the same way. Especially if an employer were to offer time and a half or 2x pay for weekend work. But above a certain point, I wouldn't work particularly hard to make more money. I'm still in the 15% bracket, so the take home from marginal increases in work translates into a significant amount more money in my pocket.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|