So, You're Gonna Raise My Taxes?
Barack Obama: "I will raise taxes."
Donny Baseball: "I will shelter income."
Totally legally of course. IRAs, HSAs, 529s. Plenty to work with there. Build up a stash now, so maxing out all these contributions during an Obama presidency won't hurt you. Got some equity in your house? HELOCs are going cheap. If you were planning on doing an addition or any work that could add to the value of your home, now is the time. The HELOC can give you an additional mortgage interest deduction and you pad your long term asset base. Jittery about the housing market? Get over it. Buy that house and get that mortgage deduction and property tax deduction. Have more than 20% to put down? Stick to 20%. Put the excess in munis and take the bigger deduction. Own stocks? Write the Board of Directors and suggest they implement the Donny Baseball/Anti-Max Baucus Advance Dividend Payment Scheme.
Happy tax avoidance!
Donny Baseball: "I will shelter income."
Totally legally of course. IRAs, HSAs, 529s. Plenty to work with there. Build up a stash now, so maxing out all these contributions during an Obama presidency won't hurt you. Got some equity in your house? HELOCs are going cheap. If you were planning on doing an addition or any work that could add to the value of your home, now is the time. The HELOC can give you an additional mortgage interest deduction and you pad your long term asset base. Jittery about the housing market? Get over it. Buy that house and get that mortgage deduction and property tax deduction. Have more than 20% to put down? Stick to 20%. Put the excess in munis and take the bigger deduction. Own stocks? Write the Board of Directors and suggest they implement the Donny Baseball/Anti-Max Baucus Advance Dividend Payment Scheme.
Happy tax avoidance!
posted by Donny Baseball at 3:19 PM
0 Comments:
Post a Comment
<< Home