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.
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Obamanomics, mmmm, mmm, mmm.
How stupid you are for wanting such a burden in our lives.
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?
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.
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.
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?????
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.
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