Kotlikoff says: “The IMF is saying that, to close this fiscal gap [by taxation], would require an immediate and permanent doubling of our personal income taxes, our corporate taxes and all other federal taxes.“America’s fiscal gap is enormous – so massive that closing it appears impossible without immediate and radical reforms to its health care, tax and Social Security systems – as well as military and other discretionary spending cuts.â€He cites earlier calculations by the Congressional Budget Office (CBO) that concluded that the United States would need to increase tax revenue by 12 percentage points of GDP to bring revenue into line with spending commitments.

If I were a young person with that decision today I would enroll in a college program where I was able to take alot of courses in real estate.If I felt college would not be beneficial educationally or socially for myself, I would enroll in CCIM certification program.

J Scott,Copy that.However, isn't the big difference that you will have to pay Social security and medicare tax if it is income vice just the income tax portion for a capital gain?

Small business owners are going to benefit from reduced social security rate.

Websites, social media domination, google etc.

Been there, done that, can be very profitable with the right place, right staff, right administrator/director, the right insurance policies and companies, the right doctor on call, the right social worker, not to mention the right politician!

. -- Eliminate Social security --for any one under 35 --- do not take out any deductions -- Flat Tax --on consumption only No Income Tax and NO Capital gians tax check my first blog--may be too late -[LINK REMOVED]

They area dictates the market.Not only do economic functions set the stage, but social and governmental aspects need to be evaluated too.

Many are depending on the Government to not let social security fail also!

The Category I think we have a shot in is:Best Social Media Service for Small BusinessJust go to the link above, connect with your Twitter or Facebook account, and enter @BiggerPockets (our twitter ID) in the blank, then submit.You're more than welcome to submit us for other categories as well if you want to (please feel free if it makes sense)If you really want, you can nominate me @jrdorkin as Entrepreneur of the YearEven if we don't win, just getting the word out could help create some great buzz for BiggerPockets, so I hope you'll all take a minute to give back to BP with a nomination.Thanks!