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#1336161 - 02/02/10 10:00 PM Tax Increases for Everybody!!!!
Pale Rider Offline
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Pale Rider
Joined: Aug 2002
Posts: 34,318
under the Lone Star
....lower-income families will pay more as well: the 25 percent tax bracket will revert back to 28 percent; the 28 percent bracket will increase to 31 percent; and the 33 percent bracket will increase to 36 percent. The special 10 percent bracket is eliminated.

Middle-class families also will find fewer tax breaks available to them in 2010 if other popular tax provisions are allowed to expire. Among them:


* Taxpayers who itemize will lose the option to deduct state sales-tax payments instead of state and local income taxes;


* The $250 teacher tax credit for classroom supplies;


* The tax deduction for up to $4,000 of college tuition and expenses;


* Individuals who don't itemize will no longer be able to increase their standard deduction by up to $1,000 for property taxes paid;


* The first $2,400 of unemployment benefits are taxable, in 2009 that amount was tax-free.

http://ca.news.yahoo.com/s/reuters/100201/us/usreport_us_budget_backdoortaxes
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#1336171 - 02/02/10 10:09 PM Re: Tax Increases for Everybody!!!! Pale Rider
MB Guy Offline
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Joined: May 2004
Posts: 10,124
Way, way south.
Whoooooooooooooo Hooooooooooooooo!!!!!!!!!!!
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Giddy up.

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#1336225 - 02/02/10 10:54 PM Re: Tax Increases for Everybody!!!! Pale Rider
NotALawyer Offline
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NotALawyer
Joined: Nov 2001
Posts: 455
Link doesn't work.

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#1336226 - 02/02/10 10:57 PM Re: Tax Increases for Everybody!!!! NotALawyer
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,534
Pulling people out of the ditc...
it does work, but you have to agree to the use tax before proceeding
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Providing alternative truths since the invention of time

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#1336230 - 02/02/10 11:03 PM Re: Tax Increases for Everybody!!!! HappyGilmore
Peepers Offline
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Joined: Jul 2002
Posts: 13,994
Thanks President Robin Hood
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blah

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#1336451 - 02/03/10 02:56 PM Re: Tax Increases for Everybody!!!! Peepers
YosemiteSamIAm Offline
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Joined: Jan 2004
Posts: 2,795
Guess
Originally Posted By: Triumph
Thanks President Robin Hood
More like President Bass Ackwards.
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#1336461 - 02/03/10 03:02 PM Re: Tax Increases for Everybody!!!! YosemiteSamIAm
Peepers Offline
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Joined: Jul 2002
Posts: 13,994
yeah, I suppose he's not so much taking from the rich and giving to the poor

now he wants to take from everyone
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#1336463 - 02/03/10 03:04 PM Re: Tax Increases for Everybody!!!! Peepers
TB 12 Offline
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TB 12
Joined: Feb 2005
Posts: 6,559
Foxboro
Hey guys-don't look here-go check out the "don't ask don't tell policy"..nothing to see here...move along...
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#1336492 - 02/03/10 03:23 PM Re: Tax Increases for Everybody!!!! TB 12
TheManofSteel Offline
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TheManofSteel
Joined: Nov 2006
Posts: 10,068
Fortress of Solitude
This meets the definition of torture.
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#1336783 - 02/03/10 06:19 PM Re: Tax Increases for Everybody!!!! HappyGilmore
NotALawyer Offline
Gold Star
NotALawyer
Joined: Nov 2001
Posts: 455
Originally Posted By: HappyGilmore
it does work, but you have to agree to the use tax before proceeding


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