12 smart year-end tax moves

With so much still up in the air about tax changes come January, it's vital to ensure that that you close out 2012 protecting your finances from the tax man.

By Sandra Block, Kiplinger's Personal Finance magazine

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Beno1961
Dec 7, 2012 9:29PM
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Smart move, tell obozo to pound didrt, everyone should stop paying taxes and see how far they go when the people say, We are the government and not the elite who think they are above the law, fire all of them and start over with people who believe the Constitution is the law of the land and not the dictator obozo or the Supreme idiots or the so called Representatives, it's a immoral bunch of liars and the trutly rich who need more plantation slaves.
Mr. Soul
Dec 7, 2012 10:29PM
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Obamanomics, mmmm, mmm, mmm.

 

How stupid you are for wanting such a burden in our lives.

Original Grey Ghost 1
Dec 7, 2012 10:35PM
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IT'S FUNNY THE DEMOCRATS AND LEFT WING MEDIA PROPAGANDA MACHINE IS HARD AT WORK TELLING PEOPLE IT'S THE

REPUBLICANS WHO ARE GONNA LET TAXES GO UP BUT IT'S OBAMA AND THE DEMOCRATS WHO ARE SAYING THEY WANT

MORE TAXES AND REVENUE! THEY ARE SAYING THEY WANT HIGHER TAXES AND MORE SPENDING AND STIMULUS WITH

NO DEBT CEILING AND NO BUDGET! WHAT MORON CAN'T SEE IT'S OBAMA DOING ALL THIS?

fltaxpro87
Dec 7, 2012 11:40PM
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Every year it is the same deal, no matter who the President is. I'm sick of it. Because congress drags their feet on these issues, or they do not care, I have to deal with angry clients. By the way, it is way too late to adjust your withholding on the W-4. It can take a month or more before the changes take affect for the upcoming filing season.
JOHN HAZEN (hazen in colorado)
Dec 8, 2012 2:07AM
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Beno1961  wHAT WOULD happen if everyone..filed their taxes...but withheld any monies..until a balanced budget was passes by the House and Senate, and signed by the President...I wonder ...
Plains Blue Sky
Dec 8, 2012 9:35AM
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I'd like to help. I am open to accepting financial gifts in order for you to decrease your tax liability. You'd also gain a friend for life. Think about it.
bg70
Dec 8, 2012 10:04AM
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It will be interesting to see how the lierals react when they see taxes go up on them, when they are thinking it will only hurt the extreme wealthy.............​..?
Tom4U
Dec 8, 2012 1:54PM
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Please take note that you don't need to have an income of $250,000 to justify a Roth IRA conversion. Why? The conversion may very well boost your TOTAL income into this range. Also, the higher additional taxes could be as high 8.3% - not 3.8% - if Obama gets his tax rate increase from 35% to 39.5% for the top earners.

An alternative strategy is to do a partial conversion that brings your total income just up to, and not over, the $250,000 threshold. Repeat this every year until the entire conversion is complete. The downside of this approach is that gains in the conventional IRA before converting are taxable. On the other hand, there may not be much in the way of gains under Obamanomics.

Paul C.
Dec 10, 2012 9:25AM
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Anyone over a $million/yr should pay the same 48% of income like me. As a small business owner with no preferred status, and income less than 200k, I have to pay in 10k of Tax an FICA for every 20k I bill.   Lets screw the Single White American that is building a business !   

 ( BTW, No money to return to school either, because I own a home.. ) If you have any money in the bank you receive NO finical aid. How are we supposed to educate the work force ? It forces you into the system and recruits from the high risk sample.

 

clr36
Dec 10, 2012 10:04AM
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we are now at 48 million on welfare, new high...do they think it's a video game and the high score wins?
Joe Mumford
Dec 10, 2012 10:25AM
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here is the deal.. It is plan and very simple..

 

WRITE YOUR CONGESS PEOPLE.. TELL THEM YOU WANT THE FAIR TAX ACT..

 

Look it up for the ones who don't know what it is..

 

but it will do away with pay roll taxes, the irs.. and every one  including the 12 million illegals in this country will have to pay their FAIR SHARE?

 

i MEAN REALLY?????

MisterKyte
Dec 10, 2012 12:03PM
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"Stocks up as Italian leader quits"


Just think what they would do if Obama quit!!!!!!!!

tipinnh
Dec 10, 2012 12:04PM
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It is Mitch McConnell and John Boehner who are playing the role of professional obstructionists here.  If we go over the so-called fiscal cliff, it will be the result of GOP tactics and voters will remember it in 2014!
IndianaWM
Dec 10, 2012 12:04PM
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More drama about the fiscal curb.  Milk it for what its worth.  The do-nothing house will hold out till the 23rd, and pull a rabbit out of their hat so they can go home for the holidays.  There are already enough votes in the house to increas revenue and do the middle class tax cuts, so watch closely.  I say, let the deadline expire, and then FORCE the deficit hawks to own their crap in the DoD, where the real waste is being funneled and make them spend it line by line, in the bright light of day. There is a difference between debt and deficit, but most of the tea drinkers have no idea what that is, and there is no reason to continue to incur debt for planes we don't need, and engines the Air Force doesn't want, just to create some under the radar 'jobs program' in Red states created by no bid defense contracts.  That's something to legitimately be 'outraged' about, not this canned quibbling about 3% Clinton rates that spurred investment and growth.
weld387
Dec 10, 2012 12:06PM
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I will clear just under $60,000.00 this year. I have netted $33,000.00 you tell me where the justice is in that!!! The Wealthy need to pay there share too.
IA50452
Dec 10, 2012 12:12PM
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But the majority of Americans are terrible savers, so this is a good way for them to assure they have some funds in the spring time for; summer vacations, or anything.  Otherwise most people just tend to spend it vs. save it, which I guess is good for the economy, but not for Average Joe that spends every nickel in his pocket
Someone
Dec 10, 2012 12:34PM
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Don't forget your RMD's
REGAL MAN500
Dec 10, 2012 1:20PM
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The S&P is up 12.76%, gas is down to $2.95 a gallon and it`s sunny and warm in Arizona

and we have a great President for 49 more months.Who could ask for more.

BeingHonest080312
Dec 10, 2012 7:29PM
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Sounds like a dam dance.  Let's face it.  If you are a working person, you are screwed.  If you don't work or won't work, you'll be fine.  Your way is paid.  I will never understand why more than 300 million people in America allows 535 clowns in Washington D, C. to tell them every move to make.
Jim T
Dec 15, 2012 2:04PM
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For those who have not thought of it, Obama is working on getting the house under Democratic control for his last two years so he can make the changes and get the programs he wants.  He is trying to make the Republicans look so bad they will be voted out and replaced with Democrats in two years.  That is why he is still in campaign mode and preaching his message to the public so he can get what he wants in the next house of representatives election.

It looks like those who work for a living are now out numbered by those who vote for a living.

Give the 12 million illegals the right to vote and we will only have one party in power - the Democrats which will be a gigantic give away and the beginning of the end for America as we know it.
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