DougViages
Recycles dryer sheets
It seems likely to me that tax rates and burdens will take a significant step up in the 2009-2010 period. Capital gains and dividends may well be taxed at normal income rates. The Feds may even look at an Assets Surcharge Tax (levied in some countries now). Universal health care, in some form, will mean higher taxes.
This all said, how does a FIRE'd couple prepare for this situation. MY DW asks if moving out of the USA is an option, should taxes REALLY shoot up. Any thoughts out there?
This all said, how does a FIRE'd couple prepare for this situation. MY DW asks if moving out of the USA is an option, should taxes REALLY shoot up. Any thoughts out there?