election year

Tax reform sounds like a good idea to lots of people, but where to start? Eliminate the popular deduction for home mortgages? End the write-off for charitable contributions? How about expanding the Social Security payroll tax? Not likely. Politicians of all stripes in this presidential election year are clamoring for simplifying the tax code and closing loopholes. But that would mean Americans would lose some of their prized deductions.

The markets could be in for a wild ride in 2010. DailyFinance takes a look at one potential scenario for the year, one that takes the upcoming national elections in the U.S. into account.