White House Gives In On Bush Tax Cuts
This story in the Huffington Post is the first indication of what might happen with the expiring
Bush tax cuts. It looks like they may not be expiring. Who would have thought this would happen 6 months ago?
An indication from the President that current ordinary income and capital gains tax rates might be extended will lend some greater clarity to individual taxpayers 2010 year end planning issues. We have spent time wrestling with the idea of accelerating capital gains into 2010 to take advantage of the 15% long term capital gains rates. The wrestling may be over?
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