The Investment Scientist

Posts Tagged ‘legislation

Approaching the fiscal cliff

Approaching the fiscal cliff

The cliff deal struck between Vice President Joe Biden and Senate Minority Leader Mitch McConnell is a good deal overall for high income folks.

Make no mistake, some of them will have to pay more in taxes, but the amount is far less than if there is no deal and all is set back to the Clinton tax regime.

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Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC.

Twitter: @mzhuang

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