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Where does the Goldman Sachs money go??
"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 |
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