This is
G&G Associates Tax & Financial Consulting
e-Newsletter

The Biggest Tax Hikes in
America’s History are Coming

You Have 6 Months to Prepare

Hotep (Blessings) G&G Readers,

In fewer than six months, Americans will face their biggest tax hikes in history.

As of Jan. 1, 2011, no matter what your tax bracket, you can expect a hike. The lowest, 10% bracket will rise to 15%. On the high end 35% will rise to 39.6%. And everything in between…and this doesn’t include your state tax rate or FICA…

The 25% bracket will rise to 28%.
The 28% bracket will rise to 31%.
The 33% bracket will rise to 36%.

If you’re married, expect to pay more.

That’s right -- the “marriage penalty” is back.

Kids? The child tax credit is slashed from $1,000 to $500 per child. (Not that you could raise a kid on $1,000 a year anyway.)

I know that you’re not thinking about dying soon. But you may want to adjust your assets accordingly in the next six months…because the “Death Tax” returns in 2011.

That’s right -- if you die this year, no death tax. But 6 months from now, expect a whopping 55% (on estates over $1 million).

There has simply never been a more pressing time than right now to start planning for the future (the future that’s less than 6 months away!).
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If you missed a past G&G article, click on the link below to visit G&G Associates archive:
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Until the next time!
Asante Sana (Thanks)
Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

"Your mind is like a parachute, it only works when it is open."
C. Brown

P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. The recent dollar rally has actually given everyone some new opportunities to invest on the cheap.

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