'Twas the Night Before Christmas (A Fiscal Story)

December 24, 2012 'Twas the Night Before Christmas (A Fiscal Story) Marc Lichtenfeld, Investment Director, Wealthy Retirement   Most Recent Articles   The Ultimate Christmas Gift... From the Fed Three Steps Guaranteed to Destroy Your Retirement 2 Income Plays on the U.S. Energy Boom   In the News   A Strategy That Works No Matter Who's in Washington Is Your Dividend Safe? Would an Increase in Tax Rate Hurt Dividend Stock Investing?   Two-Minute Retirement Solutions   'Twas the night before Christmas, when all through the house I was thinking about taxes, file separately or joint with my spouse? For the President and the Speaker were both blowing hot air. The fiscal cliff is looming, not sure they even care. My deductions were nestled all snug in their beds As I tried to keep my household from going in the red. The gifts were unwrapped, not yet under the tree As I fretted about the cliff's impact on me. The negotiations were proving quite a distraction Keeping me from enjoying my holiday action. Both sides played their usual riff Oblivious that we're headed over the cliff. "We need to raise revenue!" The Democrats say While Republicans are unwilling to play ball today. This to help all find a good healthcare provider And pay for the spending of Obama and the Decider. To balance the budget, I get, is not easy But the lack of progress is making me queasy. Surely our leaders can find a solution. If they can't, then it's time to start a revolution. Now, McConnell! Now, Reid! Now, House Speaker John Boehner! Reaching a compromise should be a no-brainer. To the Oval Office, to the Senate floor, Sit in a room and lock the door. And don't come out until you've reached a deal Then the rest of us can enjoy our festive meal Knowing that our future will not be ruined By government bureaucrats with no idea what they're doin'. But it's the tax on dividends that really gets my blood boiling So much so that the holiday season is spoiling. Taxes on dividends amounts to double taxation But the leaders in Washington don't want to hear my oration. I pray they don't let the tax on dividends spike. We'll be paying enough with the other tax hike. Dividends could soon be taxed as ordinary income. Investors will be forced to pay more and then some. But enough of my silly dividend rant That's ignored by Washington that will not or can't Understand how dividends help seniors retire And live comfortably rather than in circumstances dire. So I beg the House Speaker and President Obama To help us avoid this blunt fiscal trauma That will surely occur when spending is slashed As our taxes spike higher, and our future is smashed. But I have a dream that those two went to work Even though they each think the other's a jerk And figured out a deal that's a nice compromise That will make fiscal sense as advisers advise. But instead I'm sure any deal will be a load Of manure where the can will be kicked down the road And another deadline will be not far off in sight But for now crisis averted, to all a good night. Click here to post a comment on WealthyRetirement.com. © 2012 Wealthy Retirement. All Rights Reserved. 105 West Monument Street Baltimore, MD 21201 North America: 1.800.992.0205; Fax: 1.410.223.2650 International: +1.410.223.2643; Fax: +1 410 223 2650 E-mail: WealthyRetirement@WealthyRetirement.com Website: www.wealthyretirement.com You are receiving this email because you subscribed to Wealthy Retirement. To unsubscribe from Wealthy Retirement, click here. To cancel by mail or for any other subscription issues, write us at: Wealthy Retirement Attn: Member Services 105 West Monument Street Baltimore, MD 21201 Keep the e–mails you value from falling into your spam folder. Whitelist Wealthy Retirement.