Barack Obama and the Democrats are determined to raise your taxes.  Putting aside the fact that doing so will NOT save Social Security and Medicare, will NOT do much of anything for the federal budget deficit, and will certainly NOT help foster the sustained, long-term economic growth this country will desperately need in the years ahead.  What’s a person to do?

Donny Baseball has the answer:  legal tax avoidance.

Barack Obama: “I will raise taxes.”

Donny Baseball: “I will shelter income.”

Totally legally of course. IRAs, HSAs, 529s. Plenty to work with there. Build up a stash now, so maxing out all these contributions during an Obama presidency won’t hurt you. Got some equity in your house? HELOCs are going cheap…

There’s more, of course.  The point is, those who are successful get that way by planning for the future and sticking to their plan, as circumstances warrant.  Democrats are going to raise taxes.  It’s who they are and what they do.  Plan now.  Be ready.