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Updated over 14 years ago on . Most recent reply

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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
3,499
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5,700
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tax rates and unemplyment facts and worries

Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Posted

Here are potential tax changes as of Jan 1. Sorry, it could affect EVERYONE. Doesn't even take into account the cap gain rates.
Raises:

10-15%- up to $8500
15-25%- 8500-34,500
25-28%- 34,500-83,600
28-31%- 83,600-174,400
31-35%- 174,400-379,000
35-39.6%- above 379,000

If all rates expire, EVERYONE will pay more. If the top 2 levels are allowed to continue, the rate will affect ALL over 174K, not the 250K being currently peddled. No one will know what changes for awhile due to dems leaving town.
Almost 5% are now receiving unemployment funds. 1 in 6 living in poverty. Unemployment UP in 27 states. August was the second worse month in HISTORY for sales of new homes. Median price home is now $204,700 which is lowest since dec, 2003. Any thoughts about where we're headed? Rich

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