Tax Savings - Stimulus Plan - How much will you save?

[edjr 6,608]

http://finance.yahoo.com/taxes/article/106...ulus-Tax-Breaks

 

Tax Savings

How households may fare under the economic recovery plan.

Income Avg. Tax Savings Drop in Tax Bite

 

Under $19K $476 -95%

$19K-$38K $652 -22%

$38K-$66K $781 -9%

$66K-$112K $1,301 -7.5%

$112K-$161K $2,549 -8.3%

$161K-$227K $3,883 -8.3%

$227K-$603K $5,133 -5.7%

$2.8M plus $39,350 -1.4%

Source: The Tax Policy Center

 

-7.5% for me (I file single)

[jerryskids 6,835]

Well, according to that analysis, 5.7%. But the base rate tax increases haven't been passed yet. I'm fairly confident that Obama is not working feverishly to provide people like me more money.

[BLS 314]

I'm gonna take home $35 a check more than before. Woo Hoo.

 

 

I have NO idea where I'm going to spend this enormous amount of cash.

[KSB2424 3,148]

I've lost 10 times that in the stock market.

 

I've lost 10 times that because my neighbor forclosed

 

I would rather have job security than 30 extra bucks a month

 

But thanks for the bone.

[tikigods 76]

I'll be saving about 9%. However, big mistake was paying off my college loans early and have little to no mortgage on my house. I guess it doesn't pay to be financially responsible.

[edjr 6,608]

I'll be saving about 9%. However, big mistake was paying off my college loans early and have little to no mortgage on my house. I guess it doesn't pay to be financially responsible.

 

Sure it does, but you just won't get much for free. In the long run you'll be much better off.

[Lackman 0]

Maybe we should start a Geek Christmas Fund, so that proceeds from the tax loan shark credit can be pooled together so that this holiday season, some lucky mouth breathers will be able to proudly tell their family, "Our prayers are answered. We now have our very own dishwasher. Tell grandma she doesn't have to collect her spit in a jar anymore."

[tikigods 76]

Sure it does, but you just won't get much for free. In the long run you'll be much better off.

 

All I can say is that I'm grateful I got into the real estate market when I did and pulled my money from the stock market before it bottomed out.

[NorthernVike 2,087]

I'm gonna take home $35 a check more than before. Woo Hoo.

I have NO idea where I'm going to spend this enormous amount of cash.

 

 

Get a taxi

[swirvenirvin 25]

$2,549 -8.3%

[tikigods 76]

$2,549 -8.3%

 

You'll be doing much better by 2007, Marty McFly.

[swirvenirvin 25]

You'll be doing much better by 2007, Marty McFly.

Even better by 2006

[Greedo 13]

I've lost 10 times that in the stock market.

 

I've lost 10 times that because my neighbor forclosed

 

I would rather have job security than 30 extra bucks a month

 

But thanks for the bone.

 

 

I would have preferred a separate bill for the tax cuts, and seen the stimulus as a strict "create and save jobs now" bill.