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‘Fiscal cliff’ throws off experts’ year-end tax advice

Published November 17, 2012

‘Fiscal cliff’ throws off experts’ year-end tax advice by Mark Davis The Kansas City Star Published Nov 17, 2012 01:01AM MDT At 72, Paul Nagorski likes to own stocks that come with their own payday. Dividend checks add to his income. The Missouri resident soon may be sharing more of his investing income with Uncle Sam. Like other investors, he’s heading for a tax cliff on Jan. 1. “I’ll pay more,” Nagorski said. “I can afford to do it. I don’t like to do it.” Now that the election is over, attention has turned to how President Barack Obama and Congress intend to deal with the automatic tax increases and spending change... Copyright 2012 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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