Tax Planning 2008... and the Next Four Years
Purpose: What I think what will happen to high income taxpayers in the near future
and what you need to do now.
See More Detailed Actions and Explanations Below
Capital Gains: The current federal maximum rate for long term capital gains of 15% will increase to 20% or higher. This will occur as soon as 1/1/09 but not later than 12/31/2010. Actions: Sell or transfer in 2008 so as to incur capital gains at lower rates.