TITLE

With Higher Taxes Looming, Are Your Clients Ready?

AUTHOR(S)
McCarthy, Ed
PUB. DATE
November 2011
SOURCE
Journal of Financial Planning;Nov2011, Vol. 24 Issue 11, p22
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the issues concerning the projected tax increases in the U.S. It mentions that an international poll conducted by CNN/ORC discovered that majority of Americans are worried, wherein 63% of the respondents believe the newly appointed Joint Select Committee on Deficit Reduction should increase taxes only for higher income. Meanwhile, only one-third claimed that the rich people should be kept lows, since they help create jobs. It notes that the current federal-estate and gift-tax exemptions and rate will expire at the end of 2012 and the current law demands for higher taxed in 2013.
ACCESSION #
67332733

 

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