Tax planning strategies

[shalab]

Let us use this thread to discuss the tax strategies to reduce the bill to Uncle Sam or other governments as the case might be. The US has the issue where the tax rates are likely to go up next year.

 

What strategies do you use here?

 

 

[rmitz]

Not sure what all the options are here, but I'm going to probably accelerate taking some long term gains unless we hear that the previous cuts are extended.  I fall under the 250k cap but it's not clear they will extend the long term gains rates for that class either.