Welcome to Maxi-Pedia Forum. Maxi-Pedia discussion forum is a free community inviting you to express your ideas and discuss various topics with other contributors.

March 29, 2024, 01:55:33 pm *
Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
 
   Home   Help Search Login Register  
Most Recent Posts:
Pages: [1]
  Print  
Author
Topic: 

tax rates for income 2009 v. 2010

 (Read 10088 times)
feste
Newbie
*
Posts: 1


« 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?
Logged
Maxi-Pedia Forum
« on: June 27, 2009, 07:23:18 pm »

 Logged
apapunas
Semi-Newbie
*
Posts: 49


« Reply #1 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%.
Logged
atari
Full Member
***
Posts: 121


« Reply #2 on: June 30, 2009, 04:17:23 pm »

See here for 2009 tax table (shows the tax brackets)
Logged
Maxi-Pedia Forum
   

 Logged
Pages: [1]
  Print  
 
Jump to:  

Page created in 0.092 seconds with 22 queries. (Pretty URLs adds 0s, 0q)