Message Font: Serif | Sans-Serif
No. of Recommendations: 1
I'm sure that if Obama wins, if he gets his tax package passed, and if the promise of no increase under 250K "remains" there will be cases where something like you mention happens.

But isn't that somewhat nebulous? My wife and I are tickling the top 2 tax brackets, and we don't make $250k. The lowest tax bracket starts at something like $180k...doesn't this really depend on your deduction scheme?

General question:
What else can we do for tax shelters? Right now we both max out our 401(k)s, I'm maxed out in my company's stock participation plan, and of course we have our mortgage interest deduction...we're not eligible for IRA tax deductions, either traditional or Roth- is there anything else we can do to shelter some cash?
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.