As you already know, I feel no later than 3 to 5 years from now, America will be in such a dire economic, social, and political state, that huge increases in taxes and fees by Federal, State, and local governments, will be an absolute gimmie.

And one of the most asinine proposals ever proposed, is to tax “unrealized gains”. A critical case is now before the U.S. Supreme Court, and trust me, most financial advisors haven’t a clue, nor do their clients begin to realize what the ramifications can be.

Do all you can, ASAP, to understand this, because it will effect “all” of us if it goes the wrong way.

Simply put, imagine you bought 10,000 shares of a $1 stock, and come December 31st, it’s now $2. Come January 1st, you will own an unrealized tax gain on $10,000. Unfortunately, the stock has bad news on January 2nd (or any time afterwards), but you still need must  write a check to Uncle Sam by April 15th on a gain that went “poof”.