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Investment timing question: End of the Bush Tax Cuts

Discussion in 'Stocks & Investments' started by DrRabbitFurHead, Nov 27, 2010.

  1. Nov 27, 2010 at 4:18 PM

    DrRabbitFurHead [OP] Yeah, there's a TSB for that!

    Jun 18, 2009
    Salem, VA
    X-treme Off Road Edition (4x4)
    Icon Extended Travel Coil Overs, Fox Rear Resi 8-Way Adjustable Shocks, Light Racing UCA's, OME Rear Leafs, M/T Classic Locks 17x9, Nitto T/G (285/70/R17), 5mm Billet Aluminum Spacers, Demello Sliders, All Pro Front Plate Bumper & IFS Skid Plate, PIAA 510's, Doug Thorley Long Tube Headers, O2 sims, Rear Timbren's & U-Bolt Flip Kit , 3* Rear Axel Shims, Extended Rear Brake Lines, 48" Hi-Lift with a ton of accessories, Wet Okoles, TRD bed mat, Borla Air Filter, Garmin Nuvi 765T, Viper 5901 remote start, 50% tint.
    It is looking like the Bush Tax Cuts are going to expire. In light of this, would it be better to make a sizable cash donation to a not-for-profit organization in late 2010 and take the deduction this year or would it be better to wait until early January 2011 and take the deduction next year if the "tax bracket" is increased?

    Assumption: my income would be the same for both years even though I hope this isn't the case.
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