"Rich Carreiro" <rlc-news@[EMAIL PROTECTED]
> wrote
> "Elle" <honda.lioness@[EMAIL PROTECTED]
> writes:
>
>> It is not "near guaranteed," since McCain may very well
>> win
>> in November, and he sup****ts continuing the rate at 15%.
>
> According to the civics classes I took in grade school,
> the House and Senate originate bills, not the President.
Adults who study actual politics know there is ongoing
back-and-forth between the two houses and the President. One
way or another, the President often does have his/her
legislative ambitions realized. There are strong arguments
that raising the cap gains tax is deleterious to the economy
and tax revenues. I won't bet right now on what will happen.
To the OP: This past week another regular here and I have
been discussing asset location. Depending, one strategy you
may want to employ is ensuring all your bond allocation is
in your 401(k). For many people, non-muni bonds are the
least tax efficient (generally being taxed as ordinary
income) and so are served best through tax deferral in a
Trad IRA or 401(k). The following article is a good read on
the subject:
http://answers.yahoo.com/question/index?qid=20080305090519AA2eedG
.
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