SniperFire
Senior Member
Wealthy Dump Assets Amid Worries About Going Over 'Cliff'
'For many of the wealthy, 2012 is becoming a good year to sell.
They're worried about the "fiscal cliff," which is when tax cuts expire and spending cuts are set to go into effect at the end of the year.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.'
Wealthy Dump Assets Before the 'Fiscal Cliff' - U.S. Business News - CNBC
This could be a full-blown depression.
But America gets what she deserves this time.
'For many of the wealthy, 2012 is becoming a good year to sell.
They're worried about the "fiscal cliff," which is when tax cuts expire and spending cuts are set to go into effect at the end of the year.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.'
Wealthy Dump Assets Before the 'Fiscal Cliff' - U.S. Business News - CNBC
This could be a full-blown depression.
But America gets what she deserves this time.