Fiscal Cliff Tax Worries May Drive Stock Sell-Off
Filed under: Investing, Taxes, Market News
By Caroline Valetkevitch
NEW YORK — Investors typically sell stocks to cut their losses at year end. But worries about the “fiscal cliff” — and the possibility of higher taxes in 2013 — may act as the greatest incentive to sell both winners and losers by Dec. 31.
The $600 billion of automatic tax increases and spending cuts scheduled for the beginning of next year includes higher rates for capital gains, making tax-related selling even more appealing than usual.
Tax-related selling may be…
Fiscal Cliff Tax Worries May Drive Stock Sell-Off originally appeared on DailyFinance.com on 2012-12-11T07:00:00Z.
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