JLP of All Financial Matters forecasts what the 2011 tax brackets will look like assuming President Obama and Congressional Democrats pass the tax proposals that are currently on the table:
I’ve been doing a little reading lately about the taxes.
As we all know, the Bush tax cuts expire after 2010. There is talk about leaving the tax cuts alone for the lower brackets but bringing back the 36% and 39.6% tax brackets for taxable incomes of $250,000 and above.
Based on that information, I took the 2009 federal income tax brackets for married filing jointly (MFJ), which look like this.
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