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posted to rec.boats
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First recorded activity by BoatBanter: Apr 2010
Posts: 3,578
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reagan economist favors tax increase
wrote in message
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On Wed, 07 Jul 2010 21:55:05 -0400, bpuharic wrote:
On Wed, 7 Jul 2010 21:48:35 -0400, "Charles C."
wrote:
"bpuharic" wrote in message
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martin feldstein, chairman of reagan's council of economic advisors,
says we need to raise taxes:
http://money.cnn.com/2010/07/07/news...n_bin&hpt=Sbin
another take:
http://finance.yahoo.com/taxes/article/110005/how-the-expiring-bush-tax-cuts-affect-you?mod=taxes-advice_strategy
minimal effect on most taxpayers
Only an across the board 4-5% tax hike. It is more if you are married
and a lot more if you actually have investments. The predictions are
that it will cause a pretty big sell off of stocks in 4q10.
That will be tough on your 401k. If this little rally holds and we get
10500, I would migrate your 401k into the "safe" fund (government
paper) until this all shakes out. I really believe the big money
people are going to run these stocks up to get profits out at the
lower rates. Don't be holding the bag when they start cashing in.
Completely untrue.
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