Sunday, November 25, 2012

A Republican Tax Hike?

$$ - The Republicans seem willing to raise taxes following the Obama win and looming fiscal cliff.  Taxpayers will be facing not just rising federal taxes, tax hikes at the state and local levels, too.

One of the selling reasons for 2012 is to pay taxes at the 15% capital gains tax rate, rather than risk a higher tax rate in 2013 and  beyond.  Especially if some of the holdings are in inefficient investments that pay out dividends and capital gains through out the year.  Maybe we will even see the return of tax efficient investing!

GOP senator: Fair to put raising revenue on table
WASHINGTON (AP) — A Republican senator said Sunday "it's fair to ask my party to put revenue on the table" as part of the solution to avoid the loomin... Read more

Sent via Pulse/

blog comments powered by Disqus