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Larry David’s tax cut thank you; Most Americans also happy with new tax law

December 21, 2010

A CNN/Opinion Research Corporation poll conducted just after the new tax relief bill was signed into law reveals that three-quarters of Americans like the tax cuts.

When the provisions of the deal were broken out, the lower tax rates for families making less than $250,000 a year were favored by 89 percent of the poll respondents.

On the other end of the tax spectrum, however, only 37 percent of those surveyed liked the extended tax cuts for folks making more than a quarter million a year.

47427, LOS ANGELES, CALIFORNIA - Friday November 12 2010. Funnyman Larry David curbs his enthusiasm as he leaves Koi restaurant in LA. Photograph:   Anthony, PacificCoastNews.com

The pollsters probably didn't call well-known television grouch Larry David to ask his opinion the new tax bill. That's OK. He let the world know his thoughts in today's New York Times op-ed page.

In what I suspect is a sarcastic piece, although I can't say for sure since I don't know David personally, the Curb Your Enthusiasm star sends thanks to those on Capitol Hill who've made his life as a "proud member" of the upper tax brackets easier for the next two years.

But, being the cranky real life model for Seinfeld's George Costanza, David can't let go of the downside:

"The only problem is if, God forbid, the tax cuts are repealed in two years, how will I ever go back to Special K and bananas?"

For now though, David is celebrating as best he can:

"Life was good, and now it's even better. Thank you, Republicans. And a special thank you to President Obama and the Democrats. I didn't know you cared."

How about you? Are you as thankful as Larry David for the tax cuts deal?

You can still vote in the ol' blog's poll on the tax relief measure. Although you can only vote once per day, when you do so, you can choose as many opinions as you like. And of course, comments are always welcome.

Free polls from Pollhost.com
What do you think of the proposed tax deal?
Taxes on wealthier individuals should be raised.
All of the current lower tax rates should be continued.
The estate tax should be killed permanently.
The payroll tax holiday should be permanent.
The president caved to the GOP.
Other (please leave a comment below).

  

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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