wrote in message
...
On Sun, 25 Jul 2010 18:28:29 -0700, "nom=de=plume"
wrote:

You're speculating about future taxes with no basis for the speculation.
But you're a speculator.

The debt is 14 trillion, they will either have to raise taxes or
monetize the debt and inflate this money away.




?? Not sure what you're trying to say. We're at historically low tax
rates.
Taxes will likely rise. Not sure what the national debt has to do with the
strategy I outlined.


I am saying the same thing you just said. Taxes are going to go up. It
would behoove people to lock in their gains at the lower rate but if
many people try to do it, the gains will go away. That is the classic
game of chicken. I just think the cliff is in December so the question
is only, "when do you jump out of the car"?

Firstly, it's not much of a speculation that taxes will likely go up... as I
said, several times, and again... they are at historic lows.

There's no way to "lock in your gains" at the lower rate, unless you're
talking about a Roth conversion, and not everyone can do that or should do
that. There are other strategies, one of which I outlined that can reduce
tax payout.

The "cliff" in December will likely be for those over $250K/year. It's
highly doubtful that a Democrat would vote for a tax increase for lower and
middle class taxpayers just prior to an election.