[quote=afx114][quote=barnaby33]I didn’t say they weren’t higher in the past. Just that they won’t be lower in the future.[/quote]
That’s only true if you make over $250k/year. If so, congrats to you!
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Not necessarily.
*Tax on dividend income for instance is at the lowest right now for everyone (15%). Doubt it will remain like that….Oh well.
*Obama’s administration is also contemplating change the deductions for mortgage interest deductions. Still depends on what the cutoff will be.
*I believe Obama is also thinking about removing the cap on Social Security tax for unspecified folks, in certain income brackets… (This isn’t a rich CEO tax per say, because CEO’s with a “$0″salary don’t pay SS taxes :)…Just kidding. ) That *may* impact folks who make far less than that $250k limit, depending on where the cutoff is.
