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But that was before the Fiscal Cave, which left the Bush tax cuts in effect for the lower and middle class, but raised them for the upper bracket, steepening the progressivity even further.
FORBES: The Republican Fiscal Cave Is Much Worse Than The Fiscal Cliff
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The Vanguard 500 Index Fund's annual average return since 1976 has been 13% after taxes for an upper-bracket investor.
FORBES: Don't Burn the Mortgage
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Meanwhile, this Emergency Manager is likely to come from the upper income bracket, and therefore pay a lower rate of income tax than you are.
FORBES: Michigan Governor to Cut Taxes for Corporations While Cutting Services for the Poor and Middle Class
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Good news for upper-bracket investors: beginning in 2010, a magnificent tax-planning device known as the Roth conversion will be available to savers in all income groups.
FORBES: Take Your Chances
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Do you see any prospect at all for compromise on this, especially on the extension of the upper-bracket tax cut, perhaps a limited time or something like that?
WHITEHOUSE: Press Briefing
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When you receive your W-2 for 2012, pay attention to a surprising new number on the form, especially if you are an upper-income-bracket taxpayer.
WSJ: Tax Report: Is Taxing Health Plans Next?
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If your tax bracket is likely to go up over the next decade (it is for many upper-income folks), and you have plenty of cash sitting around, it may make sense to convert an IRA into a Roth IRA. You pay tax on the account now, but all future earnings and withdrawals are tax free.
FORBES: Investment Strategies