According to US News and World Report, Tuesday, November 4, 2008:
" ...who gets a tax cut -- actually a refundable tax credit -- is in dispute, with several different income ceilings being mentioned during the closing days of the campaign.
One group that won't get a cut is households making $250,000 or more.
Obama has promised to roll back the 2001 and 2003 investment- and income-tax cuts for those folks."
Even those people, who might benefit from any Obama tax changes, can maximize those benefits by strategic tax planning. Anyone who has to pay any income tax, even if less than in previous years, should take action to further reduce their tax bill and take advantage of any and all credits and deductions. The time is now to strategically plan to reduce your taxes and stop wasting money on taxes you’re not required to pay.
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