I've seen this a lot this year. All those day traders out there who mistakenly thought they'd be paying 20 percent, their foundation is rocked when I tell them how much they owe. I've been in the business a long time and I have to say this has been the screwiest year I've ever seen.

Once you hit that income level, you can't take as much of a write-off on your mortgage interest, your taxes or your charitable contributions. It used to be that if your adjusted gross income was more than $126,000, we'd tell you to buy a bigger house for the write-off, but not anymore.