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The Obama administration is exploring a temporary tax cut for employers on their payroll tax obligations.
The Bush era tax cuts are expiring. Here are some of the key tax rates for 2010 and 2011:
Ordinary Income 35% 39.6% Long Term Capital Gains 15% 20% Qualifying Dividends 15% 39.6% Estate Tax 0% 55%
Unless Congress decides to do something different, we are stuck with these tax rates. The numbers may need a little explanation.