November 12, 2010

Financial moves for 2011, before the sunset

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Barring action by a lame-duck session of Congress, federal tax rates are set to rise sharply in 2011 for all income levels, as the Bush tax cuts sunset back to their pre-2001 levels.

The top tax bracket is scheduled to go up from 35 percent to 39.6 percent. Qualified dividends will revert to being taxed as ordinary income, which means they could be taxed as high as 39.6 percent. Long-term capital gains will be taxed at 20 percent instead of 15 percent and short-term capital gains will be taxed at your marginal rates as before, but the rates likely will be…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
Categories: Archived Columns
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