US Law Archives - Page 67 of 71

2010 Federal Tax Brackets & Tables Announced

CCH, a national distributor of tax information, published the 2010 federal tax brackets and tables that adjustments for projected inflation (based on inflation data released by the U.S. Department of Labor). Here are some common adjustments:

Standard Deduction: No change — $5,700 single/$11,400 joint (as in 2009)
Personal Exemption: No change — $3,650 (as in 2009)
Gift Tax Exemption: No change — $13,000 (as in 2009)
Kiddie Tax Threshold: No change — $950 (as in 2009)
Income Limit for Full Roth IRA Contributions: $105,000 single/$167,000 joint (no change/up $1,000 from 2009)

Here are the projected 2010 tax tables (along with the actual 2009 tax tables):

Single Filers

2010 Taxable Income	Rate	2009 Taxable Income	Rate
$0 – $8,375	10%	$0 – $8,350	10%
$8,375 – $34,000	15%	$8,350 – $33,950	15%
$34,000 – $82,400	25%	$33,950 – $82,250	25%
$82,400 – $171,850	28%	$82,250 – $171,550	28%
$171,850 – $373,650	33%	$171,550 – $372,950	33%
$373,650 +	35%	$372,950 +	35%

Married Filing Jointly (& Surviving Spouse)

2010 Taxable Income	Rate	2009 Taxable Income	Rate
$0 – $16,750	10%	$0 – $16,700	10%
$16,750 – $68,000	15%	$16,700 – $67,900	15%
$68,000 – $137,300	25%	$67,900 – $137,050	25%
$137,300 – $209,250	28%	$137,050 – $208,850	28%
$209,250 – $373,650	33%	$208,850 – $372,950	33%
$373,650 +	35%	$372,950 +	35%

Public Health Leaders Propose Soda Tax

The current issue of the New England Journal of Medicine, calls for a tax on “sugar-sweetened” drinks to reduce the quantity of the drinks, lower health care costs and fund government-run health programs.

Sotomayor Issues Challenge to a Century of Corporate Law

Wall St. Journal: Last week new U.S. Supreme Court Justice Sonia Sotomayor made her rookie appearance in oral arguments. The WSJ story says that she “made a provocative comment that probed the foundations of corporate law.”

During arguments in a campaign-finance case, the court’s majority conservatives seemed persuaded that corporations have broad First Amendment rights and that recent precedents upholding limits on corporate political spending should be overruled. But Justice Sotomayor suggested the majority might have it all wrong — and that instead the court should reconsider the 19th century rulings that first afforded corporations the same rights flesh-and-blood people have.

Hungry for Change

More big brother. This story in the September 2009 issue of the ABA Journal explains how “The feds consider a steady diet of stronger regulation to help fix the U.S. food safety network.”

Developer of Tempe’s Centerpoint Seeks Chapter 7

The company that partially developed the Centerpoint high rise condos in downtown Tempe asked the U.S. Bankruptcy Court to convert its Chapter 11 filing to a Chapter 7. Tempe Land Co. LLC, stopped construction the summer 2008 because it could not obtain an estimated $75 million needed to complete the $200 million residential and retail project.

Tempe Land Co., LLC, also filed a motion for permission to sell the project at an auction.

Centerpoint was to have 375 condos in two towers. Tower I, with 22 stories, was mostly complete at the time of Tempe Land’s original bankruptcy filing. Tower II, with 30 stories, was half done.