There will be many investor who would like to book their profit ahead of Dec 31st to take advantage of 15% capital gain.
Below are the list of stock that have moved too high in 2012 and many investor would like to take out profit before Dec 31st. A put or short should give nice return in most of the stock if the sell off starts. Most of the investor will wait till December 12th FOMC meeting while many will wait till December 14th which is last day for congress session. One thing is sure, the chances of Santa rally is gone.
Fiscal cliff: A heap of tax laws set to expire
Tax law | In effect through Dec. 31, 2012: | Will change Jan. 1, 2013, to: |
Payroll tax rate | 4.2 percent withheld from employees' paychecks | 6.2 percent withheld from employees' paychecks |
Individual income tax rates | Six income brackets taxed at rates of 10 percent, 15 percent, 25 percent, 28 percent, 33 percent and 35 percent | Five income brackets taxed at rates of 15 percent, 28 percent, 31 percent, 36 percent and 39.6 percent |
Capital gains and qualifying dividends tax rates | Most capital gains are taxed at 15 percent. Investors in the 10 percent and 15 percent tax brackets do not owe any capital gains on profits from asset sales. Qualified dividends receive the same treatment as capital gains. | Top capital gains rate for most investors will be 20 percent. The zero capital gains rate will return to 10 percent. Dividends will be taxed as ordinary income, meaning the top rate could be 39.6 percent. |
Year to Date Most Active Stock
Year to date point gainer:
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