31 December 2012


Several stories below the almost top of the page headline at the Denver Post this afternoon, "Jax Fish House to close for renovations for a week," our esteemed newspaper of record deigns to tell us that:
[A] deal to avert the "fiscal cliff" was in sight but not yet finalized. The emerging deal would raise tax rates on family income over $450,000 and individual income over $400,000 a year, increase the estate tax rate and extend unemployment benefits for one year.
Other details of the proposed deal are available via the link above. Sometimes life seems more like the Onion and less like reality.

Unfortunately, there is no indication concerning how the potential deal would impact capital gains and dividend tax rates.

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