Really, mark your calendar

CCH offers the useful reminder, in their summary of the new tax law, that 2010, in addition to being the first year in which high-income taxpayers may convert their IRAs to Roth IRAs, will also be the last year we enjoy the lower tax rates and wider brackets from the 2001 tax law. In other words, Congress has already legislated 2011 to be the mother of all tax hike years, unless we can talk them into putting the gun down.