On Monday of last week, President Obama appeared to drop a little bit of a tax policy bomb. The past year, we’ve all been operating (and planning) on the assumption that the tax rates will be increasing, across the board, with the expiration of the “Bush Tax Cuts”.
Well, the media was all atwitter last week about the proposed extension of the cuts for one year, but there was a lot more buzz than there really should be, for something that isn’t going to happen, if at all, until mid-November at the earliest.
Why the delay on Capitol Hill? (Well, there always seems to be a reason!)
Because the President wants to keep the 10 percent through 28 percent tax rates and bump the top two rates to 36 percent and 39.6 percent, and the Republicans want to keep all the Bush-era tax rates as is.
Neither side has gotten along very well, and things have only gotten worse this election year–even, to an extent, here in the Louisville-area, sad to say. Surprised?
My motto — plan for the worst, so you can be happy about the best.
But on a lighter note (and speaking of planning), I came across some information that I found to be extremely useful, especially with some larger purchases I’m needing to make myself!
Look at this …
Louisville Tax Professional Shares The Best Times To Make Larger Purchases, For Making Your Hard-Earned Money Go Farther
The lazy days of summer may be in full swing here in Louisville, but if you know where to look, there are quite a few deals to be had for those willing to plan ahead on major purchases. I love planning, as you know … and there are many things my planning instinct can help you with. Beyond our “regular” work, if you will. 🙂
So, with July and August flying towards us, I thought I’d share with you some information which I’ve found about retail patterns that will help you.
New Yorkers flock to new shows in the fall and consider summer performances “tres gauche.” That means theaters are more likely to fill empty seats in July with cut-rate tickets. On the other hand, some truly good theater closes quickly, so availability depends on a show’s popularity.
Best time to buy Broadway tickets: July
New furniture is typically released bi-annually. Retailers like Crate and Barrel slash prices in January with anticipation of new furniture arriving in February. Prices are lowered again in July for the arrival of new furniture in August.
Best time to buy furniture: January and July
Computers have become essential items for students–which is why most retailers have big back to school sales in August. You can also get a good deal on a computer during the run up to Christmas.
Best time to buy a computer: August and December
Garden Plants and Flowers
Prices on plants and flowers fall drastically after midsummer when nurseries and garden supply stores are trying to clear inventory.
Best time to buy garden plants and flowers: August
Once summer is over stores begin preparing for Fall products, which means big sales on lawn mowers. Stores need to make room for new inventory and lawn mowers take up plenty of space.
Best time to buy a lawn mower: August
Swing sets go on sale at summer’s end, when children have abandoned outdoor play for indoor pursuits. Swing sets also take up a lot of floor space merchants are just itching to fill with holiday merchandise.
Best time to buy a swing set: August