With the Bush tax cuts set to sunset by the end of this year, it’s time to think about accelerating clients’ income for 2012 in anticipation of higher taxes for 2013 and beyond, according to the founder of one of the nation’s 19th largest RIAs.
“Given the big budget deficits, it’s unlikely that tax rates are going to go lower,” said Deb Wetherby of Wetherby Asset Management in San Francisco. “If there’s pressure on anything, there is pressure for rates to go higher.”
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