Stock Market Crash 2013
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N/A: DJI
May 24 01:05 PM
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Last price15,263.71Prev Close15,294.50
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Change-30.79% Change-0.2%
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Open15,300.60Volume1,481,710,156
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Day Low15,203.34Day High15,272.12
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Bid15,266.09Ask15,262.71
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52 Wk Low12,938.1052 Wk High15,387.60
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Taxmaggedon 2013: These Changes Mean Less Take Home Pay For Everyone
Funding of the Social Security program has been a growing concern for years now, and new tax law changes for 2013 will target at least one portion of that problem.
Thanks to Taxmageddon 2013, your take home pay is about to shrink.
In the first three parts of our series on the tax outlook for 2013, we reviewed the impact of proposed changes on capital gains, dividend income and the treatment of certain taxes for the wealthy and small businesses.
Today, we'll look at scheduled changes in the FICA withholding structure, as well as a number of other 2013 tax law revisions that individual taxpayers need to be aware of.
FICA is short for the Federal Insurance Contributions Act, the Depression-era law that imposed payroll taxes to fund America's Social Security retirement and disability programs. Withholding for the Medicare elder-health program was added in the 1960s.
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Taxmageddon 2013: These Filers Are in the Crosshairs
As Taxmageddon 2013 looms against the back drop of Election 2012 one thing is for certain: upper-income filers will take a hit in 2013 even if no new taxes are imposed, as will owners of some small businesses.
In Part One of our series on the tax outlook for 2013, we described how scheduled tax-law changes will affect capital gains - boosting taxes on long-term profits from 15% to 23.8% for some taxpayers. And, in Part Two, which ran last Thursday, we explained that dividend investors could suffer even more, with some seeing their tax bite rise from the current 15% to as much as 43.4%.
Those changes will have a major impact on individuals and couples in the highest income brackets, who will also see their marginal tax rates rise from 28% to 31%, from 33% to 36% and from 35% to 39.6%, respectively.
In addition, many of those taxpayers will see a significant reduction in the itemized deductions they can take.
Under the tax rules in effect for 2012, there's no overall limit on the number of itemized deductions you can take.
However, if the Bush cuts are allowed to expire, total allowable itemized deductions will be reduced by the lesser of 3% of adjusted gross income (AGI) above a certain threshold - expected to be about $174,450 for both individuals and couples in 2013 - or 80% of the amount of itemized deductions otherwise allowable.
I know, that's about as clear as mud, but I don't write the tax laws - which is why you should always have an accountant at least verify your calculations before filing, or actually prepare your returns in the first place.
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If You're Worried About Stock Market Crash 2013, Buy These
The market has surged in recent action, but these gains haven't eradicated the chances of a stock market crash in 2013.
Global markets are up on news that central banks will deliver more stimulus measures, such as QE3 in the United States.
Even though stimulus measures trigger market rallies, they're actually admissions that economies are so weak they need government assistance.
As Federal Reserve Chairman Ben Bernanke recently stated, the economic conditions in the United States, particularly high unemployment, should be of "grave concern" to all.
Legendary investor Jim Rogers declared in an interview that, "In America, we have had recessions every 4 to 6 years at the beginning of the republic. 2013 is going to be a mess. It always has been, there's no reason it won't be this time too. Be careful..."
In order to heed Rogers' warning, investors should consider adding the following stocks to their portfolios.
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Stock Market Crash 2013: What the "Hindenberg Omen" Tells Us
Should you be worried about a stock market crash in 2013... or even sooner?
Certainly, there's plenty of unsettling news to worry about.
You know what I'm talking about...the persistent Eurozone debt crisis, Taxmageddon, the fiscal cliff, high unemployment. The list goes on and on.
But now, there's one more reason to fasten your seat belt.
On the heels of a sharp stock market decline on July 24, a highly accurate technical indicator called the "Hindenburg Omen" started ringing warning bells.
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Planets Align for Stock Market Crash in 2013 − If Not Sooner
Of all the tools one might use to predict a stock market crash in 2013, planetary alignments and solar particles are not, for most people, the first options that spring to mind.
But market analyst Arch Crawford has applied his arcane "astro indicators" for 35 years with surprising success.
You see, Crawford has forecast market crashes before. His astro indicators helped him predict the stock market crash of 1987, as well as the crash following the 9/11 attacks and the crash of 2008.
Now Crawford is speaking up as something just hit his radar again.
One of Crawford's most reliable indicators crossed a threshold on July 18. That means he sees another major stock market crash hitting at some point between now and March 2013.
"Between 18th of July and the end of February [2013], I believe the markets worldwide will crash," Crawford told GoldSeek Radio last week. "And that's because that if any one of them falls, it's going to take a bunch of others into a black hole."
The Weird Science of Arch Crawford
It's easy to write off Crawford and his unusual methodology, but he doesn't use his astro indicators exclusively; he's also an accomplished technical analyst.
He worked as a technical analyst early in his career at Merrill Lynch, which is when he noticed a correlation between some astrological models he'd been studying and his technical charts.
Eventually Crawford evolved a method for predicting market behavior based on both technical analysis and astro indicators. The more they agree, the more confident he is in his predictions.
Hulbert Financial Digestranked hisCrawford Perspectivesthe best stock markettimer for the period between Oct. 1, 2007 and Oct. 31, 2009. Timer Digest has placed him first in 1987, 1994 and 2008, and second in 2002.
Today, as Crawford looks at his array of indicators, many point to a 2013 stock market crash, although it could happen before then.
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Prepare for Stock Market Crash 2013
Volatile market behavior has increased speculation over whether or not we're headed for "stock market crash 2013" - or even 2012.
With the Dow Jones down more than 200 points in the first 20 minutes of trading today (Monday), there's certainly reason to believe wild market moves are in our future.
Even without market plunges, we may just be due for an economic growth slowdown and a stock market pullback.
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