H
hexeliebe
Guest
What is the name of your state? Tennessee
Just got through with a marathon meeting last night with my financial advosors on how to invest the last little bit of the proceeds of the latest land sale and here is what I came away with.
In March of 2003 Congress passed Bush's tax cuts. In the bill were provisions to change the 15% longterm capital gains tax for the lower two income brackets (up to about $34,000 on adjusted Gross income) to 5%.
I spent most of the night, two pair of glasses and a six-pack of Mountain Dew trying to find the specific reference but to no avail. And since my accountant, (Bubba and Bubba cpa) keeps telling me I will have to pay 15% on the 1.3 mil I'd like to either tell him o.k. write the check or "Whoa bubba, here's the new tax code!"
Just for those of you who doubt me, I do have an adjusted gross income of less than $30,000
So, can anyone point me in the right direction without getting Republican cooties?
Just got through with a marathon meeting last night with my financial advosors on how to invest the last little bit of the proceeds of the latest land sale and here is what I came away with.
In March of 2003 Congress passed Bush's tax cuts. In the bill were provisions to change the 15% longterm capital gains tax for the lower two income brackets (up to about $34,000 on adjusted Gross income) to 5%.
I spent most of the night, two pair of glasses and a six-pack of Mountain Dew trying to find the specific reference but to no avail. And since my accountant, (Bubba and Bubba cpa) keeps telling me I will have to pay 15% on the 1.3 mil I'd like to either tell him o.k. write the check or "Whoa bubba, here's the new tax code!"
Just for those of you who doubt me, I do have an adjusted gross income of less than $30,000
So, can anyone point me in the right direction without getting Republican cooties?