The Bush tax cuts are set to expire at the end of the year. We have all heard that but exactly what does that mean? The current tax rates are 10% for the lowest income earners to 35% for the highest. They will increase to 15% for the lowest and 39.6% for those making the most. The rate on long term investments will go from 15% to 20%. Rates on dividends will go up to 39%. The marriage penalty will return so if...
Posted by
Carolyn on Jul 6th, 2010 in
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Wouldn’t it be great to see these prices again? With food storage you can!
Don’t you wish you could see prices like that again? With food storage you can!
This week is full of nothing but bad news on the economic front. 125,000 jobs lost in June…14.6 million out of work…6.7 million have been out of work for more than 27 weeks…factory orders down 1.4% in May…the DOW down...
Yes the GDP is out of control. By the end of the year it is projected to be above 90%. That means only 10% of what the nation makes as a whole is money we and the government can spend without increasing our dept. I was just reviewing the GDP for the past 10 years. We all thought it was terrible politicians ran a platform of reducing debt and then did nothing but take a look what has happened: ...
As I watch the news today the Stock Market is currently down 259 points after the consumer confidence report was released. I know my confidence is down and after the G20 summit where the United States was shot down it appears the rest of the world has lost confidence in the U.S. economy as well. The conference voted to “require” all member nations to reduce spending. Not what our president...