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Income...this Year or Next
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Mark (EC,IN)
Posted 11/9/2012 13:50 (#2687871)
Subject: Income...this Year or Next

Schlegel Farms, Hagerstown Indiana
Please don't turn this in to a political argument an get it moved.

All I've heard this AM on the radio is the fiscal cliff and tax increases before the end of the year to avoid the cliff.

If there are tax increases, it would be on 2013 Income and not 2012.....Correct?

If so....wouldn't a person be ahead to just bite the bullet and pay the tax in 2012 rather than in 2013 (paying for inputs next year rather than now)?

I was just curious what some of you are thinking before I go see the tax man and sit there looking like a deer in the headlights.

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