Wednesday, July 28, 2010

Peak of the Week

Wednesday is the peak of the week when we can look back at what is and peek forward to the future!

Tax Rates to Change in 2011
The changes in the tax rates are significant. We should become engaged in the discussion about this change as our disposable income will change and thus affect our standard of living. This change will certainly impact the economy and not in a good way. Please verify the following with your accountant.

Current Tax Rates                2011 Tax Rates
10%                                                 --

15                                                    15%

25                                                    28

28                                                    31

33                                                    36

35                                                    39.6

15% Max. Long-term Capital Gains 20%

Please post any corrections or add your comments.

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