logo

Channel List
Beauty & Self
Books & Music
Career
Computers
Education
Family
Food & Wine
Health & Fitness
Hobbies & Crafts
Home & Garden
Money
News & Politics
Relationships
Religion & Spirituality
Sports
Travel & Culture
TV & Movies
Safety
We take forum safety very seriously here at BellaOnline. Please be sure to read through our Forum Guidelines. Let us know if you have any questions or comments!
Newest Members
Bruceox1962, Kelly Z, Arca Decks, arrowproject, Ashley Jessica
56565 Registered Users
Forum Stats
56565 Members
417 Forums
111442 Topics
786004 Posts

Max Online: 537 @ 07/02/12 11:21 AM
Top Posters (30 Days)
Beetlemess 229
Nancy Roussy 171
Connie - ADD/Sandwiches 140
loongdragon 137
Rosie 66 130
James Andrew 99
Lisa LowCarb / VideoGames 88
Allyson - USACook/HomeCook 54
Susan - Meditation Editor 54
Jilly 54
Ad Income Supports Charity
Topic Options
#793478 - 11/19/12 11:10 PM Higher Taxes?
Sandra - Investing Offline
BellaOnline Editor
Chipmunk

Registered: 07/13/12
Posts: 1456
We could be seeing higher taxes soon if the fiscal cliff is not resolved. Many of the wealthy reportedly have been selling stock due to the possible tax increases. Most likely a deal of some type will be reached. However, if you are in a high tax bracket, you may want to sell some of your winners before Dec. 31st and take the profits.
_________________________
Sandra Baublitz, Investing Editor
Investing Website
Investing Forum

Here's the link to my ebook:
Investing $10K in 2013

Please consider signing up for the Investing Newsletter.

Top

Add Higher Taxes? to Twitter Add Higher Taxes? to Facebook Add Higher Taxes? to MySpace Add Higher Taxes? to Del.icio.us Digg Higher Taxes? Add Higher Taxes? to Yahoo My Web Add Higher Taxes? to Google Bookmarks Add Higher Taxes? to Stumbleupon Add Higher Taxes? to Reddit
#795283 - 12/05/12 03:51 PM Re: Higher Taxes? [Re: Sandra - Investing]
AKLisa- Knitting Editor Offline
BellaOnline Editor
Gecko

Registered: 08/07/10
Posts: 694
Loc: Fairbanks, Alaska
I do wonder what will be done to avoid sequestration. There are a lot of tax deductions and credits available to lower income folks - do you thin these may be reduced?
_________________________
Lisa Linnell-Olsen
Knitting Website
Knitting Forum

Top

Add Re: Higher Taxes? to Twitter Add Re: Higher Taxes? to Facebook Add Re: Higher Taxes? to MySpace Add Re: Higher Taxes? to Del.icio.us Digg Re: Higher Taxes? Add Re: Higher Taxes? to Yahoo My Web Add Re: Higher Taxes? to Google Bookmarks Add Re: Higher Taxes? to Stumbleupon Add Re: Higher Taxes? to Reddit
#795307 - 12/05/12 10:51 PM Re: Higher Taxes? [Re: Sandra - Investing]
Sandra - Investing Offline
BellaOnline Editor
Chipmunk

Registered: 07/13/12
Posts: 1456
Unfortunately, I think that a lot of the tax deductions are going to be either reduced or eliminated.

The most likely, in my opinion, are the mortgage tax deductions. They will likely be reduced.

The deductions for those with lower incomes may vary well be reduced. It certainly doesn't seem right to do this but the government likes to spend money and will get it somewhere. The child tax credit and earned income credit could be limited or eliminated.

And look for the payroll tax reduction(2% payroll Social Security reduction) to expire.
_________________________
Sandra Baublitz, Investing Editor
Investing Website
Investing Forum

Here's the link to my ebook:
Investing $10K in 2013

Please consider signing up for the Investing Newsletter.

Top

Add Re: Higher Taxes? to Twitter Add Re: Higher Taxes? to Facebook Add Re: Higher Taxes? to MySpace Add Re: Higher Taxes? to Del.icio.us Digg Re: Higher Taxes? Add Re: Higher Taxes? to Yahoo My Web Add Re: Higher Taxes? to Google Bookmarks Add Re: Higher Taxes? to Stumbleupon Add Re: Higher Taxes? to Reddit



Want to reply? Register as a Forum Member - it's quick, free and fun!
Brand New Posts
Dumpster Diving
by Jilly
Frugal Living
2 seconds ago
What will you do today?
by Nancy Roussy
Inspiration
44 minutes 46 seconds ago
2014 Eating Log
by Nancy Roussy
Low Carb
46 minutes 20 seconds ago
What did you dream about last night?
by Nancy Roussy
Dreams
49 minutes 29 seconds ago
Transforming Arms into Tools
by African Dawn
African Culture
Today at 01:43 PM
Remarkable Reads
by Angie
Hispanic Culture
Today at 01:01 PM
Look up - there are beautiful sights in the sky!
by Mona - Astronomy
Astronomy
Today at 12:52 PM
Daily World Peace Group Meditation
by Susan - Meditation Editor
Meditation
Today at 12:45 PM
Hugging and Meditation Are Nurturing
by Susan - Meditation Editor
Meditation
Today at 12:43 PM
Easter Week Meditation
by Susan - Meditation Editor
Meditation
Today at 12:41 PM
Register to Post!
Want to post? For security reasons you need to Register as a Forum Member. It's quick, easy and free!
Forum Activities
Book Clubs
Trivia Contests
Who's Online
2 registered (Izeigo, 1 invisible), 134 Guests and 1 Spider online.
Key: Admin, Global Mod, Mod
Ad Income Supports Charity



| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2014 Minerva WebWorks LLC. All rights reserved.