Tax
Nov. 8, 2012
Like Lucas, should you sell out this year?
You don't have to be in the billions to capture tax savings before year-end. After all, the 15 percent capital gain rate ends Dec. 31, soaring to 23.8 percent in 2013.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
2012 is fast drawing to a close, but there is still time to emulate George Lucas. He recently sold to Disney for $4 billion of cash and stock, but you don't have to be in the billions for a sale of a company, real estate or stock to capture tax savings before year-end. After all, the 15 percent capital gain rate ends Dec. 31, soaring to 23.8 percent in 2013.
That's one reason this year-end will be a busy one. With tax rate spr...
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