Monday, August 30, 2010

Junking the Bush Tax Cuts

A friend sent the wonderful news. Following expiry of the Bush tax cuts:

Those who will be hardest hit include the married, persons with children, persons who itemize and claim deductions for their child care expenses, persons who itemize and deduct their mortgage interest, persons with capital gains, those whose employers contribute to their education expenses, those repaying student loans, those saving in a qualified plan for their children's future education, those who transfer wealth intergenerationally before dying, and those dumb enough not to die on or before December 31, 2010.

So. That includes most everyone I know--and most of them earn FAR less than $250K/year.

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