Wealthy Advised to Sell for Gains Before Unfriendly 2013

Sell.

That’s the message from some financial advisers, who are telling wealthy clients that the remainder of 2012 amounts to a last-chance sale on federal tax rates. Taxes are set to rise in January in the U.S., pushing the top rate on dividends to 43.4 percent from 15 percent and the top rate on capital gains to 23.8 percent from 15 percent.

http://www.bloomberg.com/news/2012-10-19/wealthy-advised-to-sell-for-gains-before-unfriendly-2013.html