Huffington Post’s Catherine
New writes: On Friday, President Barack Obama met with congressional leaders to
work on a "fiscal cliff" compromise, but no deal had been reached as
of happy hour. Should the country topple over the cliff, we've created a list
of five crazy -- emphasis on crazy -- suggestions as to how you can save
yourself from the rocky landing.
1)Tell Your Boss You Want A Pay Cut. With the expiration of
the Bush-era tax cuts, everyone's income tax rates will revert back to higher
2001 levels unless Congress reaches a compromise. Here's one sure way to lower
the tax bill: Make less money next year and ask for more vacation in exchange.
Heck, you might consider bartering your services for pine cones if the cliff
dive takes a while...
2) Dump All Your Investments. In addition to market
volatility making stocks wobble, high-income investors are about to get hit
with a tax hike on their earnings starting Jan. 1. Meanwhile, the rest of us
may as well cash out to take advantage of this year's lower capital gains tax
rate; a key proposal in the fiscal cliff negotiations is a bigger capital gains
tax bite….
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