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
Glady, rani singh, Alycia cullern, BritniDemps, skittles06
57335 Registered Users
Forum Stats
57334 Members
417 Forums
113324 Topics
804591 Posts

Max Online: 537 @ 07/02/12 11:21 AM
Top Posters (30 Days)
"Rosie" 841
Beetlemess 438
Connie - ADD/Sandwiches 359
Jana - Creativity Editor 319
Lisa LowCarb / VideoGames 62
Dorcy 62
Sandra Investing/HFinance 60
Susan - Meditation Editor 46
Mona - Astronomy 44
Dianne W - Editor 40
Ad Income Supports Charity
Topic Options
#793478 - 11/19/12 11:10 PM Higher Taxes?
Sandra Investing/HFinance Offline
BellaOnline Editor
Chipmunk

Registered: 07/13/12
Posts: 1880
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/Home Finance Editor
Investing Website
Investing Forum
Home Finance Website
Home Finance Forum



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/HFinance]
AKLisa- Knitting Editor Offline
BellaOnline Editor
Gecko

Registered: 08/07/10
Posts: 711
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/HFinance]
Sandra Investing/HFinance Offline
BellaOnline Editor
Chipmunk

Registered: 07/13/12
Posts: 1880
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/Home Finance Editor
Investing Website
Investing Forum
Home Finance Website
Home Finance 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



Want to reply? Register as a Forum Member - it's quick, free and fun!
Brand New Posts
Uber App Review
by Tiffiny - Family Travel
Family Travel
05:19 PM
Birth control without the uncomfy "check-up"
by fit4fashion
Gynecology
04:13 PM
Music ABC game
by "Rosie"
Pop Music
04:10 PM
Star-gazing – Seeing in Dim Light *new*
by Mona - Astronomy
Astronomy
02:11 PM
Daily World Peace Group Meditation
by Susan - Meditation Editor
Meditation
12:59 PM
Foods That Fuel Your Body
by BB -Body Care
Body Care
11:51 AM
Shopping at Walmart Game
by Jana - Creativity Editor
Home Finance
10:23 AM
Halloween Savings
by Jana - Creativity Editor
Home Finance
10:22 AM
Name a Classic Toy Game
by Jana - Creativity Editor
Creativity
10:20 AM
First Letter-Last Letter
by "Rosie"
Attention Deficit Disorder
08:00 AM
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 (Bella Marie, Glady), 58 Guests and 5 Spiders 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.