| . | 2007 | 2008 | 2009 | 2010 | 2011 |
| Capital Gains Rate | |||||
| Tax Bracket Above 15% | 15% | 15% | 15% | 15% | 20% |
| Tax Bracket 15% or Below | 5% | 0% | 0% | 0% | 10% |
| Qualified Dividends Rate | |||||
| Tax Bracket Above 15% | 15% | 15% | 15% | 15% | N/A* |
| Tax Bracket 15% or Below | 5% | 0% | 0% | 0% | N/A* |
| Marginal Income Tax Rates | |||||
| Top Bracket | 35% | 35% | 35% | 35% | 39.60% |
| Fifth Bracket | 33% | 33% | 33% | 33% | 36% |
| Fourth Bracket | 28% | 28% | 28% | 28% | 31% |
| Third Bracket | 25% | 25% | 25% | 25% | 28% |
| Second Bracket | 15% | 15% | 15% | 15% | 15% |
| First Bracket | 10% | 10% | 10% | 10% | N/A |
| Child Tax Credit | $1,000 | $1,000 | $1,000 | $1,000 | $500 |
| Marriage Penalty Relief | |||||
| Standard Deduction (% of S.D. for singles) | 200% | 200% | 200% | 200% | N/A |
| 15% Tax Bracket (% of bracket for singles) | 200% | 200% | 200% | 200% | N/A |
| Repeal (%) of Personal Exemptions Phase-outs | 33.30% | 66.60% | 66.60% | 100% | N/A |
| Repeal (%) of Limitation on Itemized Deductions | 33.30% | 66.60% | 66.60% | 100% | N/A |
| AMT Exemption | |||||
| Single | $33,750* | $33,750 | $33,750 | $33,750 | $33,750 |
| Married Filing Joint | $45,000* | $45,000 | $45,000 | $45,000 | $45,000 |
| Head of Household | $33,750* | $33,750 | $33,750 | $33,750 | $33,750 |
| Estate Tax | |||||
| Exclusion | $2 million | $2 million | $3.5 million | Tax repealed | $1 million |
| Maximum Rate | 45% | 45% | 45% | 0% | 55% |
This is a blog dedicated to discussions and personal views on living and finances. In particular, we will talk about money, taxes, investing, trusts, insurance, credit, debts, loans/mortages, real estate, college savings and financial aids.
Tuesday, March 11, 2008
Upcoming Tax Changes
According to Forbes, here's what to expect through 2011: