Tax Thunder Clouds Ahead!
Tax rate increases impacting investment activities will begin next year. Tax rate increases for income tax, dividends, capital gains all going up.
Consider taking capital gains now before increases take effect! Or take some capital losses now which will carry over to future years sheltering future investment capital gains.
With tax rates in the 40% range for some tax payers (and increasing) it is critical to always consider the tax impact on your investment returns.
Contact me if you need a second opinion!
Reg Baker, CPA PFS
http://www.regbaker.com/
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