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The Financial Cliff
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<blockquote data-quote="bottomups" data-source="post: 1074585" data-attributes="member: 29452"><p>Will pay $40 per week more due to the expiration of the payroll tax holiday. Cannot know for sure until the new tax tables are issued by the IRS, but am assuming I will also pay around $70 per week extra due to the loss of the 10% income bracket. Capital gains increase should have almost no effect as I have sold most stocks as planned and will repurchase them after the first of the year. But fear not! This do nothing congress has made sure that they will get their pay raise this spring.</p></blockquote><p></p>
[QUOTE="bottomups, post: 1074585, member: 29452"] Will pay $40 per week more due to the expiration of the payroll tax holiday. Cannot know for sure until the new tax tables are issued by the IRS, but am assuming I will also pay around $70 per week extra due to the loss of the 10% income bracket. Capital gains increase should have almost no effect as I have sold most stocks as planned and will repurchase them after the first of the year. But fear not! This do nothing congress has made sure that they will get their pay raise this spring. [/QUOTE]
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