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To: NOW who wrote (228248)3/14/2003 6:13:06 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
given that US taxpayers will without question be bagholders for aeons to come, what strategy have you concocted to avoid shouldering this burden?

Well, I bought a 2nd home with poot proceeds, does that count?<VBG> I think there's no way in hell they can touch the real estate exemption, at least for the forseeable future....

Move assets outside the Matrix. No one needs to know about all yer bullion capital gains, until you take profits (and then, only if you do it all at once and with a licensed dealer, etc). Dollar cost average on bullion (buy a Krugerrand or two a week or if you can't afford that, a Krugerrand or two q month or q quarter, or somesuch).

It's pretty clear to me that taxes on everything we earn, live in (property taxes, not cap gains on sales) and consume have no place to go but up....<NFG> Save lots 'n lots and buy gold with it. I don't think munis are a solution, 'cause they'll get pole-axed by new supply (increasing debt loads of municipalities) and by rising rates. Obviously, funding and maxing out IRA's and 401K's is useful. I suppose TIPS might be a solution of sorts, but the returns of those things have never been tested yet in a hyperinflationary environment, so we'll see. Finally, be real wary of tax-avoidance schemes pitched by brokers and the like. They all-too-often succeed at the goal of "reducing your taxable income" along with your principle!<NG>