Including some 4% from Affordable Care Act capital gains and dividends are going to be taxed up to some 43% if the present Admin tax plans proceeds.
As strange as it may seem, the present Admin has been good for Wall Street investors and that is why they contributd heavily for a continuation of this Admin. don't believe it is good for the small investor. Aditionally the Fed's moves are eventually going to have consequences.
Don't think the opposition wants or has the stomach to fight the good fight. so like so many others I have great concerns about the preservation of my savings primarily due to taxes. Like so many my RMD begins in 2013. Up to now it has all been utilizing ordinary income. After the new taxes capital gains and dividends will get a completed different treatment then monthly contribution to your 401k, etc accounts....as I understand it.
Also unsure how businsses will react. Several corporations that have low income employees are quickly moving them to below 28 hours per week in order to avoid pay benefits.
This is my understanding of the situation but perhaps someone has more or different information
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