Fortenberry Legal

Even if lawmakers extend the Bush tax cuts for 2013 (I think that they will), this new 3.8 percent tax will effectively raise the top tax rate on capital gains and dividends to 18.8 percent. If the Bush tax cuts do expire, the capital gains rate will increase to $23.8 percent in 2013. So no matter what happens in November, 2013 is on schedule to have the highest tax rates that we’ve seen in the past several years. Here’s how you can prepare for it.

Connect with us

Email Newsletter

Join thousands of others who receive our weekly newsletter full of legal content and insights.