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Wealthy Dump Assets Amid Worries About Going Over 'Cliff'
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[quote:ar-15 nut:MV8yMDQ5Mjg4XzM0NTg3MzExX0QxRUREOTc=] pitty party :tard: [/quote]
Original Message
For many of the wealthy, 2012 is becoming a good year to sell.
They're worried about the "fiscal cliff," which is when tax cuts expire and spending cuts are set to go into effect at the end of the year.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.
The sell off could have profound impacts on both asset prices in the United States, as well as tax revenues.
[
link to www.cnbc.com
]
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