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posted by avenger in In The News

Even well-to-do folks aren't always math or tax geniuses.

November 21, 2012

Kristina Collins, a chiropractor in McLean, Va., said she and her husband planned to closely monitor the business income from their joint practice to avoid crossing the income threshold for higher taxes outlined by President Obama on earnings above $200,000 for individuals and $250,000 for couples. Ms. Collins said she felt torn by being near the cutoff line and disappointed that federal tax policy was providing a disincentive to keep expanding a business she founded in 1998. “If we’re really close and it’s near the end-year, maybe we’ll just close down for a while and go on vacation,” she said.

Duh! The higher tax rate wouldn't affect the first $250,000 they make, only the amount over $250,000. Duh!

http://www.nytimes.com/2012/11/19/business/investors-rush-to-beat-threat...

Three rich guys were going on a trip to the desert. The first guy said he was going to bring a compass so he wouldn't get lost. The second guy said he bring all the water he could carry. The third guy said he was going to bring a car door. Why? Because when it get's too hot he can roll down the window.

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