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Lululemon Athletica Inc. Message Board

  • thwackamole thwackamole Jan 2, 2013 1:48 AM Flag

    Fiscal Cliff Tax Rates

    Tax rates for LULU shoppers are going up.

    In addition to the 39.6% tax rate, there's also the .9% medicare tax.

    But the big kicker is the end of the mortgage interest and state and local tax deductions -- for high income people (300k+), these deductions will go down by 80%. So if you and your husband made 500k, your tax rates will go up by about 11k, and that's before taking into account higher state taxes (CA) and higher investment taxes.

    That's a lot of LULU...

 
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