Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (370094)	2/6/2008 12:05:43 AM
From: Elroy	Respond to of 1572991

330 out or have your main place of residence be outside the US,,,only gets you a 70k exemption doesn't it? plus your income has to be earned income. The exemption is up to $80k, they raised it from 70k to 80k gradually starting a few years ago. But they changed the law last year so that if you earn $100k, you get taxed at the $81k-$100k tax rate on your $20k above $80k the deduction. It used to be you got taxed at rates as if you only earned $20k. Some sneaky Congressdude just snuck that change into some bill with zero debate on the matter. Not really sure how that works in Congress, but I think it was in the process of combining the Senate and House versions of some bill that he just changed that law himself, and then everyone approved the united bill (or however they do that). There was zero debate on the subject. Bastid! And not sure what you mean by your 2nd sentence.