The stock market rose on the first days of trading in 2013 in the wake of the American Taxpayer Relief Act of 2012, but for many advisors, a concern over future tax hikes still hung in the air after the deal.
There are still a lot of questions and/or unknowns for how the ultimate fiscal cliff issue will settle out, said Seth Kaplan, a vice president at Bairds Sacramento office. Much of the agreement pertained to tax rate exemptions and phase outs, but they still need to address government spending, and much of the talk has been built around the idea that there could be some additional tax considerations.
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