Replies to post #662029 on Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

. what if taxes are Higher in 2011 and 2012. Pay any taxes 2010 at a known rate seems a safe bet.

I moved my and my wife's IRA to ROTH's at the beginning of the year. Although I face a substantial tax bill (I have funds outside my new ROTH's to pay) I feel the benefit of no taxes on gains going forward outweighed paying the tax now. I am thinking the possible incremental gains in the tax rates can be offset by trading gains by being able to invest those targeted tax dollars over the next three years until due. My question is if I can put ALL the tax off until April 15th, 2013. I might then even approach the IRS about an installment payment plan depending on the interest rate. I would claim a hard ship - hard for me to part with my money. lol!

[Newly2b]

Normally I would agree with you, SM, but I did an estimate of my taxes due this weekend, and I've made too much money this year. I can't make more than $1K/mo the next couple of months and I have to give $6K to charity already, so if I can shove that payment out 'til '11, I'd be better off. I also have to move my IRA to another broker so I can trade options in it and not in my margin account where I have to pay taxes on the income I make.

Newly