In response to Jody.... or anyone asking really....
Personally my goal has always only been one thing. To make as much money for myself as humanly possible. The tax bill is just what it is, a function of making a bunch of money.
When I was a V.P. and partner in a multimillion dollar importing company in New York City.... I paid 50% federal income tax - New York City income tax - New York State income tax - and sales taxes on top of that.... I never once thought -- OH! I shouldn't make any more money because I might have to pay taxes on it. Never.
I figure if I earn a dollar - and I owe the gov .40 of it - I still keep .60
What I do think about is.... I won't do anything right this instant that might have me making the wrong moves. In other words... I passed on an apartment building (1 mill minimum investment) because that type of investment is illiquid... and the new taxes might possible affect the returns on that kind of investment - therefore affecting the value of that investment going forward. This is called "uncertainty" and uncertainty is what NOBODY wants because it causes paralysis in the markets. Just as I'm sure it did for that particular investment. Once you know what the situation is going forward - then everyone makes their adjustments and moves forward.
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