[net-gold] UNITED STATES: GOVERNMENT : TAXES AND TAXATION: Upper Brackets Will Feel Weight of Federal Tax Changes
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold -- Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx, Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Nabble Groups Net-Gold <ml-node+s3172864n3172864h56@xxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Net-Gold <NetGold_general@xxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, "Net-Gold @ Wiggio.com" <netgold@xxxxxxxxxxxxxx>, Health Lists -- Health Diet Fitness Recreation Sports <healthrecsport@xxxxxxxxxxxxxxx>, HEALTH-RECREATION-SPORTS-TOURISM@xxxxxxxxxxxxxxxxxxx
- Date: Sun, 16 Feb 2014 10:57:43 -0500 (EST)
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UNITED STATES: GOVERNMENT :
TAXES AND TAXATION:
Upper Brackets Will Feel Weight of Federal Tax Changes
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Upper Brackets Will Feel Weight of Federal Tax Changes
By Lynn Asinof
February 16, 2014
Boston Globe
http://www.bostonglobe.com/business/2014/02/15/
upper-income-brackets-take-biggest-tax-hit/
tNnSrk8p5d6KNZt9kMAy2I/story.html
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A shorter URL for the above link:
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http://tinyurl.com/l94lpee
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How will the major tax changes approved by Congress affect your returns?
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Taxpayers will find out soon as they plug figures into their tax returns,
due April 15, and see for the first time the impact of last years federal
tax law changes.
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To get an idea of what they might find, the Globe asked tax preparer H&R
Block to create some tax return scenarios, calculating tax liability under
both the 2012 and 2013 tax rules using the same income numbers for both
years.
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The result: Taxpayers who are married and filing jointly with income of
$250,000 or less may be pleased to find their taxes declining a bit. Even
couples making $450,000 enough to trigger most of the thresholds for new
taxes, phased-out deductions, and phased-out personal exemptions probably
wont see a dramatic increase in their tax bill.
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But as annual income rises above that level, so do tax bills. Despite all
the news coverage about the new tax laws, that may still come as a
surprise to many.
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Moreover, the numbers will vary even among those with similar incomes,
said Bob Lepson, vice president of financial planning at Braver Wealth
Management in Needham. The specific makeup of your income will make a big
difference, he said.
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snip
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Topics Discussed in This Article:
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THE $250,000 COUPLE
THE $450,000 COUPLE
UPPER-BRACKET COUPLES
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The complete article may be read at the URL above.
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Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
http://workface.com/e/daviddillard
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