One very simple piece of advice

November 7, 2012,
Santiago, Chile.

There are a lot of things one could say about the election results… but very few things that are worth saying.

One point that I absolutely must make is this– after December 31st,

– Income tax rates are going up
– Capital gains rates are going up
– Rates on dividends are going up
– Estate and gift tax exclusions are going down. Dramatically.

If you are a US taxpayer, you now have 53 days to get your tax affairs in order.

It is not too late to substantially reduce your lifetime tax liability, and I strongly recommend that you get in touch with your tax planner as soon as possible, in particular to make full use of your available exclusions.

About the Author

Simon Black is an international investor, entrepreneur, and founder of Sovereign Man. His free daily e-letter Notes from the Field is about using the experiences from his life and travels to help you achieve more freedom, make more money, keep more of it, and protect it all from bankrupt governments.