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was this ever in doubt?
I'm gonna be winding down and closing all of my positions by the end of the year.
...to take your ball with you.
Seriously? Your "winding down" your positions because of this?
make sure they dont catch you on that tax hike for cap gains.
tax hike is only for those making 250k+ i believe. excludes most on the forums.
don't forget about cap gains.
even the cap gains increase is from 15% to 20% for those making more than 250k, otherwise unchanged.
And the tax hike is only going to revert to pre-Bush years, so a rise of 3%.
Obama's tax plan only explicitly raise taxes on those who are married, with kids, medical expenses, and a host of other write offs and write downs with over 250k in earnings.
For people on the board with no mortgage, no eligibility for the "savers credit", no "making work count credit," who aren't married, with no kids, you can expect your taxes to go up. Also since most of us live in NYC, your taxes will go up anyway because the city doesn't have enough money with the downturn on wall street. Oh wait, don't forget the raise in payroll taxes, the increase in the social security ceiling.
If you're single in NY and will pull in over 75k this year, welcome to the "250k" club.
give us a link to where you read this. that's a pretty significant difference if it's true.
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