Comments on: Tax planning considerations as 2013 nears

By: Steven

Steven — Mon, 01 Oct 2012 21:54:01 +0000

Thanks for the feedback Shannon. There aren’t too many tax changes that will affect low-income earners, apart from the general increases in rates applicable to investment income. The most significant change that low-income earners will want to be aware of is the elimination of the 10% tax bracket for ordinary income (e.g., wages). All taxpayers in this bracket are schedule to be bumped into the 15% bracket if the law is not changed (and currently both major political parties are in favor of keeping a lower bracket in place). In any event, employees should confirm with their employers that they are withholding the correct percentages next year.

By: Shannon

Shannon — Fri, 28 Sep 2012 17:28:41 +0000

There is great information here. However, it is targeted to only a small portion of our community — those who make enough money to actually have things like stocks and IRAs. As written, it should really be titled, “Tax planning considerations for rich people as 2013 nears.” What about low-income LGBT people? Your article completely ignores their existence and the deep need they have for any financial assistance that they could get. This is unacceptable. If you’re going to write with an upper-class bias or exclusive focus, at least be open about admitting it in the text or title of your piece!