Showing posts with label Tax Strategy... Show all posts
Showing posts with label Tax Strategy... Show all posts

Tuesday, November 16, 2010

Help with the Tax Pinch Right Under Our Noses...

     Last Month, we were beginning the talk of what a pinch Taxes for the year were going to put in our pockets.  Even with the "Heroes" now in Congress, taxes are still a major pain.  Income/Property/Profits, take your pick and it still adds up the the same thing; a dent in the budget. 
     That's when we took a look at the "Holding" Accounts we had and all those Divs coming in.  By Cashing Out the Last Q's Divs for the year, we could mitigate the out-of-pocket expenses of the Tax Burden.  Now, it's not exactly a Strategy one must attenk Wharton for, but it is a pretty good idea.
     Hell, if we don't blow the proceeds on Christmas Shopping, we'll have a nice Tax Fund.  And really, if we were taking them for Christmas Shopping; we wouldn't have done very well this year...
(Hey, don't forget to put the Accounts back on Rollover
after the New Year!!!)