So, Obama, once he is in office, is going to raise taxes
- Capital Gains Rates are going to increase
- Income tax rates for those over $250k are going to raise
It is important then to do year end planning. Try and get as much income as possible into the 2008 tax year (where it is most likely that the rates will not change) if your adjusted gross income is more than $200k.
So, just an FYI - if you are making money - PLAN IN ADVANCE!!!!
