Many economists agree that the 2 percent payroll tax cut enacted in 2010 will be on the chopping block.
Today, we’ll look at the big numbers behind the “fiscal cliff” and what it could herald for investors of U.S. stocks and bonds.
While this rate now stands at 15 percent, several government plans, if realized, may push this rate to as high as 30 percent, which would amount to a doubling of fees that investors currently pay on their hard-earned income.
One group of professionals who will see completely unjustified tax hikes are individual investors.
In this article, we’ll examine the various disadvantages of bonds, how they can potentially harm investors’ financial well-being and what avenues of opportunity are available for those who want to exit the fixed-income market.