Home of the Whopper.

Jan 1, 2013 tophoos joined My Stranger Face
Dec 31, 2012 tophoos commented on President Obama: Fiscal Cliff Deal "In Sight".
@20 After reading articles about 23.8% for high income, what I'm interpreting from that statement is:

People making HIGHER than 400k will be taxed at 39.6%. (PERIOD) Next statement: Capital gains and dividends will be taxed at 20% witht he same income thresholds (applies to anyone making less than that 400k, and if you make more than 400k, you will be taxed at 23.8%)
Dec 31, 2012 tophoos commented on President Obama: Fiscal Cliff Deal "In Sight".
@15 /16 I work as an auditor with an accounting degree aware of IRAs. But this is money for me to make a deposit on a house in the near future. Dumping it in any retirement plan isn't really an option.
Dec 31, 2012 tophoos commented on President Obama: Fiscal Cliff Deal "In Sight".
@10 I'm in no way rich at 50k annual. But I have been holding AAPL from 160 and LVS from 14. I know I should have left long ago. I want to keep holding them, but if capital gains increase, it would be better to let it go and buy it back later. I'm wondering if it is increasing to 20% or not for the lower income folks.
Dec 31, 2012 tophoos joined My Stranger Face
Dec 31, 2012 tophoos joined My Stranger Face
Dec 31, 2012 tophoos commented on President Obama: Fiscal Cliff Deal "In Sight".
I'm reading that the capital gains rate will increase to 20% or 23.8%. Is that only for the "high income earners" and will remain at 15% for the "middle class"? Or is it to rise to 20% and will be 23.8% for the top earners?

I'm debating wether or not to drop all my stocks and take my gains with 15% rate.
 

All contents © Index Newspapers, LLC
1535 11th Ave (Third Floor), Seattle, WA 98122
Contact | Privacy Policy | Terms of Use | Takedown Policy