No. of Recommendations: 8
The best summary I have seen of the new tax compromise passed by the US Senate and now pending in the house is here--

>Dividends and Capital gains stay at 15% for most of us, but go to 20% for incomes over $400k single/$450k married permanently.

>Estate tax to 40% for amounts over $5mm single or $10mm family permanently.

>AMT indexed to inflation permanently

>Extends unemployment, the farm bill, delays fiscal cliff spending cuts and Medicare payment cuts to physicians

>No action on the temp reduction in withholding or the debt ceiling. Republicans still want more cost cutting.

I saw an AP story indicating changes in the rules for conversion of IRAs to a Roth, but search turned up no details.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.