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May 10, 2012

YOUR US INCOME and TAXES MAY GO UP ON 1/1/13


Unless Congress takes action and passes new tax law (and that will not happen until after the Presidential election , a tax Bomb will go off on January 1, 2013 which could cause you adverse consequences.
  • The Lowest income tax rate jumps from 10% to 15%
  • The top tax rate climbs from 35% to 39.6%
  • Long-term capital gains tax rate climbs from 15% to 20%
  • Dividends will be taxed at substantially higher rates
  • The 2% payroll tax credit expires, and much more...
  • The lifetime estate and gift tax exemption will decrease from $5 million to $1 million
Now is the time to do  your  income and estate tax planning in the event Congress does not take any action to stop these increases.  We can help.  www.TaxMeLess.com 

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