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To: andy58-in-nh

And watch the stock market crash south about December 15 or so when there’s no extension passed or indications of one that’s imminent — because the capital gains rate rockets up on Jan 1 without any action and everyone will sell bigtime to avoid paying higher capital gains taxes on their positions.


21 posted on 12/08/2010 12:22:57 PM PST by USNA74
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To: USNA74

Not to mention consumer spending will nosedive, because the only discretionary money in the monthly cash flow for many, many households will be eaten up by the new withholding beginning with January’s first paycheck.


45 posted on 12/08/2010 1:16:52 PM PST by NEMDF
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