Tuesday Tax Time: “What if You Could See the Future” Edition?

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Would you make different tax decisions now if you could see the future?

- What if the first time home buyer’s tax credit was NOT going to expire December 1st, 2009?  You wouldn’t have to “hurry” and buy a house this year, would you?

- And if you aren’t a first time home buyer, and knew the tax credit would be extended to those beyond first time home buyer’s, would you wait just a few months before buying a new home?

- What if you knew the Bush tax rates won’t change until after 2010?  That is, what if you knew that the top tax rates will be raised back up to 39.6% after 2010?  Would that change what you sale or what you recognize as income in 2010?

I’m just sayin’…

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