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Politics : Foreign Affairs Discussion Group

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To: Sun Tzu who wrote (206198)	10/17/2006 12:02:13 PM
From: Wharf Rat	Read Replies (1) of 281500

It's possible. I have to file to get my money back, even. (Unfortunately, I also defund everything else.) A) I have 2K credit for putting in solar B) I've been pulling out 40% of my income for 401K. Just upped it to 50% for the rest of the year. C) Still have a cap gains loss to carry forward. D) If I keep taxable income below 28K, and use the loss, it drops my taxable below 25K E) Below 25K, there is a poor person's tax credit for contributing to an IRA, which you can do, even with a 401K. That'll give me another $450 credit (on top of deducting the contribution from my income). I won't even have to itemize at that point. The personal deduction and the standard deduction will drop my income below what the credits cover. It's wonderful, not paying for the war. A once in a lifetime chance to do it legally. I'll be just like a corporation.

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