The Obama - Clinton Disaster Message Board

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Politics : The Obama - Clinton Disaster

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Woody_Nickels

To: w0z who wrote (81130)	6/20/2013 7:20:38 AM
From: w0z	1 Recommendation of 103300

>With pending tax law changes this may no longer work post-2012 I just checked this for 2013 and read the following (my bold): Long-term capital gains taxes were first eliminated for some low- and moderate-income individuals in 2008. This zero-tax break was made a permanent part of the tax code Jan. 2, 2013, when the American Taxpayer Relief Act was signed into law. bankrate.com While I question whether anything can be "permanent" in tax code, this is really good news for those who can take advantage of it. If a married couple keeps their taxable income below $70,700, long-term capital gains are taxed at zero percent.

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