The Investment Tax Landscape: Countdown to 2013
Victoria Trigg reminds us that the tax landscape
will likely be changing in 2013. In
December 2010, Congress extended the so-called Bush-era tax cuts. However, for investors, the legislation may
have been a stay of execution rather than a full pardon. As of January 1, 2013, federal tax rates on
income, qualifying dividends, and capital gains (among other provisions) are
scheduled to revert to previous levels.
Given recent partisan wrangling, no one can be completely sure about
precisely what will happen.
