Sorry, but we fell over the fiscal cliff decades ago! The US government has acted like a teenager with a credit card with no spending limit, and past due on its balance.
Invest Like A Jedi And Sell Before The Fiscal Cliff
The election results are in and as expected Congress and the White House maintain status quo. As a result, certain tax codes like the capital gains and dividend and interest income tax rates are at risk of a significant increase. Of the two tax codes, the capital gains tax rate change will have the biggest impact on prices of stocks, bonds, housing, and any business venture that has been successful over recent years. As the law currently stands, the capital gains tax rate will see the largest year-over-year increase in history. Some intelligent investors didn't wait for election results to lock in the low capital gains tax rate. A good ... (full story)
- Posted: Nov 9, 2012 12:36pm
- Submitted by:Category: Fundamental AnalysisComments: 4 / Views: 1,449