The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Current & Proposed Tax Rates||Date: 11/19/2012 12:57 AM|
|Author: TMFPMarti||Number: 116940 of 122099|
I feel strongly that those who wait for the solution of the fiscal cliff will miss enormous opportunities..
We have a favorite saying here. "Don't let the tax tail wag the investment dog." It's always been used in the context of deciding whether or not to hold an investment, but I don't recall our ever discussing potential tax law changes as they relate to market timing. For my own taste, I was involved in the legislative process for too long to take seriously anything mentioned by any politician until there's a bill assigned to Ways and Means.
You may already be aware of them, but I think there are some boards that discuss economic/market trends. I'm sure there are Fools somewhere who are actively dicussing their thoughts as to what might happen.
I neglected to mention earlier that anyone with opinions to express about proposed changes should voice them where they could do some good, with their members of Congress. I used to recommend proper letters, but post-9/11 and the anthrax scare the best way is through their websites at www.senate.gov or www.house.gov. If a bill is actually introduced you can get complete information about it at http://thomas.loc.gov.
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