Tuesday, July 27, 2010

Tax Cuts - Income Tax Calculator

I just found a very useful resource:

Just in case you are not aware: In 2001 and 2003, under the former Bush administration, there were important tax cuts.

They will expire very soon. And a decision must be taken by Congress on either keeping the tax cuts, or eliminating them totally or partially.

The Obama administration is proposing keeping the tax cuts for families earning less than $250,000 a year.
On this website you can quickly calculate how their decision could affect you. There are 3 case scenarios:
1) All tax cuts remain.
2) All tax cuts expire and are not renewed.
3) Tax cuts remain only for the middle class (income of less than $250,000 per year).

Can I wish you to make less than $250,000 next year? Don't know yet.

Good Luck. And don't be afraid to become a millionaire!

Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos,
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