Despite continuing uncertainty, the election results ensure implementation of the new health care taxes on wages and net investment income and likely increase the probability of higher income and/or transfer tax rates in 2013. While often repeated over the past two years, time is of the essence for individuals wanting to lock in the planning benefits offered by the current tax laws, as 2013 is less than two months away. The best laid investment plan likely cannot outperform the best laid tax plan, given the potential changes.
