WillowTree
Diamond Member
- Sep 15, 2008
- 84,532
- 16,091
- 2,180
here,, from the article..
"It's very possible that there are plenty of things you can do with general tax planning techniques attempting to recognize loses, pushing gains to years when your income is lower and increasing retirement plan contributions to come below $250,000," said Schatsky.
"But Obama's proposal has yet to be hammered out and the devil is in the details," he added.
So far, Obama's proposal does outline new limits on tax deducations for families earning more than $250,000, including those on charitable donations, mortgage interest and state and local taxes.
Additionally, Obama said that the elimination of tax cuts for the wealthiest Americans will benefit 95 percent of working families
Obama said? Is that supposed to make me feel good or scare the shit out of me?
With those details in the article we will have to just wait and see what happens. He could eliminate the brackets. He could wipe out the deductions. He could do both, but I highly doubt he will. He will say he will do that, but in the long run, those people who make $250k + are a politicians bread and butter. He is not going to hurt them.
Wasn't his first proposed tax increase an increased tax on cigarettes? That doesn't affect the rich, it affects the poor. Gotta love his sleight of hand, don't ya?
Immie
well, in as much as they are going to change the 60 to a 50 as the majority vote in the Senate,, I don't see a damn thing stopping this idiot.. do you?