BoatBanter.com - View Single Post

nom=de=plume

"Canuck57" wrote in message
...
On 26/04/2010 3:41 PM, nom=de=plume wrote:
wrote in message
...
On Mon, 26 Apr 2010 11:58:13 -0700, "nom=de=plume"
wrote:

wrote in message
...
On Sun, 25 Apr 2010 21:18:39 -0600,
wrote:

On 25/04/2010 7:16 PM, wrote:
My real problem is, this will put
us past the evil $250k mark if I try to roll it all at once and the
IRS will come after me.

Pray tell what is the $250K mark? Some penalties? And roll it into
what? IRA? Capital gains amount??

If you make over $250k the Obama tax increases really smack you.

Untrue. It's a small increase. Those over $250K hardly care. At least
that's
my reaction anyway.

If you really "make" over $250k I agree but if you just get slammed
into the $250k bracket for a one time thing it seems more painful. I
do understand there are averaging tricks but I am trying to keep it
simple if I can.

Anyone who is close to the $250K line isn't going to be hanging
themselves
in the garage over the tax diff. if they should actually have reported
income over that amount.

Here is a way to beat the tax screwing if you are NOT an American citizen.
Move to a low tax rate country in retirement, Costa Rica and Panama will
do well.

Then yank the whole thing out at one and only pay a flat 25% foreigner
rate. Forget 33% plus state taxes beyond horse ****.

--
Socialism and statism are great as long as someone else pays for it.

Why don't you move to Somalia! I'm sure they'd welcome you with open arms.

--
Nom=de=Plume