The survey, in which 1,336 investors participated, shows that nearly 53% of investors expect taxes to increase significantly in 2012.
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Investors aged 40 and younger registered the highest level of concern over increased taxes, with more than 58% expecting a tax hike this year. 53% of older investors, however, say they do not expect a big jump in taxes in 2012.
According to the survey, the most popular response among investors anticipating higher taxes is increased contributions to 401(k) and 403(b) plans.
According to the survey, about 28% of respondents plan to step up their participation in employer-sponsored retirement plans to lighten their tax burden. The same plan is finding favor especially with the more than 30% of investors who have a net worth of US$100,000 to US$1 million and are expecting their taxes to increase. .
The second most appealing tax strategy is charitable giving, with more than 19% of respondents anticipating higher taxes planning to give at a higher level in 2012.
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By GlobalDataTax-free bonds appeal to 17.5% of the respondents who expect their taxes to increase, but the percentage of investors with US$1 million or more represent nearly 30% of those respondents who plan to purchase tax-free bonds in 2012 in order to minimize their taxes.
Creating a trust was another option suggested by about 15% of all respondents who are concerned with higher taxes, and nearly 25% of those respondents with US$1 million or more in investible assets
