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Title: tax rates for income 2009 v. 2010 Post by: feste on June 27, 2009, 07:23:18 pm Contemplating an IRA withdrawal that pushes agi over 250K. It can be done either now or next year. From a tax rate point of view, is it better to do it in 2009, in 2010, or does it make no difference?
Title: Re: tax rates for income 2009 v. 2010 Post by: apapunas on June 30, 2009, 04:11:40 pm Depends on how much you plan to make this and next year. Income (i.e. IRA withdrawal) that you make increases your AGI which in turn pushes you to a higher tax bracket. For example, if your taxable income is below $171,550, you are in 28% bracket. The next one is 33%. The highest tax bracket is 35%.
Title: Re: tax rates for income 2009 v. 2010 Post by: atari on June 30, 2009, 04:17:23 pm See here for 2009 tax table (http://www.maxi-pedia.com/tax+rates+2009+schedule+table) (shows the tax brackets)
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