The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.

What is the last official act of any government.

To loot the treasury.

this


Wealthy Advised to Sell for Gains Before Unfriendly 2013

[link to www.bloomberg.com]

Sell.

That’s the message from some financial advisers, who are telling wealthy clients that the remainder of 2012 amounts to a last-chance sale on federal tax rates. Taxes are set to rise in January in the U.S., pushing the top rate on dividends to 43.4 percent from 15 percent and the top rate on capital gains to 23.8 percent from 15 percent.

Tax Increases

Tax cuts first enacted during George W. Bush’s presidency and extended in 2010 are set to expire Dec. 31. Unless Congress acts, the tax increases along with automatic federal spending cuts will combine to form the so-called fiscal cliff. Taxes on the top 1 percent of U.S. households would increase by an average $120,537, according to a study by the nonpartisanTax Policy Center.

Federal taxes on ordinary income will rise to as much as 39.6 percent from 35 percent. Long-term capital gains rates will increase to a maximum 20 percent from 15 percent, plus an additional 3.8 percent for high-income earners as a result of the 2010 health-care law.

Last Edited by IssueX on 11/13/2012 11:38 AM

Fake confidence for the sheeple was yesterdays announcement that we will be the worlds leader in oil production. In ten years of course.



WTF


This is so obviously a smoke screen.

My guy said get the f out four weeks ago.

Saving and investing should be encouraged and therefore not taxed...only the things that you want to discourage should be taxed.

Talking heads on CNBC are going to lose there jobs!!!

NO MARKET NO CNBC

running scared


LOL

If you make enough money to be personally affected by an increase in Capital Gains Tax Rate, you probably aren't on GLP.

Maybe, but depending on where they have their investments it may be easier than it sounds. I know several people you and I would call financial elite who have been trying to unload real-estate for a couple of years now and they cannot sell it.......... not without taking a bath on their original investment. Prices are in the toilet. So they are going to get shit kicked one way or another.

This is further driven in part by the requirement to lock in losses that won't be disallowed by the wash sale rule (by purchasing the same asset again within 30 days).

So,if you are so positioned - you want to take your money off the table (by selling your winners) while you are still guaranteed a low cap gain rate AND you also want to reduce those gains further by locking in losses WITHOUT triggering the disallowed wash loss rules.

I guess you would know ehh??

Shits way to high now, no buyers yet..

Oh yeah, like land ownership and work.

No wonder!!

Income and property taxes are morally wrong and should be done away with...

I don't know about that... wouldn't this affect everyone with an IRA or 401(k), and especially retirees who count on dividend-paying stocks to give them some retirement income? I don't think only rich guys will suffer from this.

It is time to sell...

Agreed, but those days are gone for now.

It's simple: people who have means aren't freaking out searching for answers on conspiracy websites. I love this place, there is a wealth of knowledge here. However, if you make the bulk of your income from Capitol Gains, all this means is that you may have to *gasp* drive LAST YEARS Mercedes/Audi/Beamer. No doom here.

Rule of thumb is to follow the money.
Well, follow the money.

Why sell off all your stocks,homes,businesses because of doom,they cant possibly hope too get anything from doing that,if doom happens money is worthless,it makes no sense at all.

If doom comes then the elites are just as fucked as we would be unless all these people being outed and resigning is code for head to the bunker.

Thread: EXTRAORDINARY MEETING OF THE BILDERBERG GROUP TONIGHT IN ROME; LOCATION: AT HOTEL DE RUSSIE (Page 2)

The elite is worried and/or heading to the exits.

No, 401k's are taxed differently. There are pre-tax and post-tax contributions. IRA's are taxed differently as well.

Fuck off you piece of shit

What the heck are you welding there? A frame for a faraday box. LOL

Why don't you fuck off.

BINGO.

Nice heard there..can you direct me to shepard Romney and his neo con sheeple enclosure as well?

I got my $$$ in Roth IRA , they can suck it
No capital gains there

Not true. Guess you missed the salary thread last year. There are people who do pretty good financially here.