Aaron Hoffman
310-876-2896 2701 Ocean Park Blvd, Suite 140
Santa Monica, CA 90405
Capital Gains Taxes Set to Increase. An informed plan makes more money! Investors need to review their holdings and long term plans.
Under current law, long-term capital gains are taxed at 15%. (Except for taxpayers in the two lowest tax brackets who pay 5%.) These lowered rates are part of the Bush tax cuts that are set to expire in 2011. As it currently stands, in 2011 the 15% rate will jump to 20%.
We expect the tax cuts will be allowed to expire and long-term capital gains rates will increase. Government spending is ballooning, and politicians are becoming increasingly aware of the issues posed by huge deficits and debt. Allowing the tax cuts to expire increases taxes, without putting any politicians in the unenviable position of actually voting for an increase.
Increasing taxes, especially on those in higher brackets, is a recurring theme in the current Washington dialogue. Real estate investors have the opportunity to structure their holdings and transactions to minimize taxes. Now is the time to review your portfolio and develop a long-term plan. Please call us at 310-876-2896 to discuss the variety of options available.
Aaron Hoffman is a Realtor and investor based in Los Angeles.
Aaron can be reached 310-876-2896 or via email at ahoffman@kw.com
DRE# 01873913