The final regulations were released last week for the new Affordable Care Act this past week. The biggest point in this legislation for most of us will be the additional .9% tax on income. This tax kicks in at income for singles at the $200,000 and above income level. This tax kicks in for married couples making over $250,000.
I think I see a marriage tax here! If two people are single then it doesn’t start until $400,000 ($200,000 a piece) while the poor married couple tax starts at $250,000. The real discrimination is the cost of living in your home state. Taxpayers’ who live and work in, say, Manhattan and make $250,000 are having a rough go of it. While those living in Oklahoma would be living the dream
Bill Zumwalt
Helping REALTORS with Tax Solutions and Solving Tax Problems for REALTORS
REALTOR Tax Preparation, REALTOR Tax Accountant, Tax Preparation Tulsa, OK
Accountant Tulsa, OK, CPA Tulsa, OK, Tax Prep Tulsa, OK, Tax Savings Tulsa, OK, Tax Accountant Tulsa, OK
The Tax Coach for REALTORS
William T Zumwalt CPA,CTC, PLLC
5416 South Yale Ave
Suite 120
Tulsa, OK 74135
918-583-1040
855-993-3339
Bill@TeamZumwalt.com
www.TeamZumwalt.com
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