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Capital Gains Taxes Set To Rise, Crimping Investment, Savings
Investor's Business Daily ^ | 3/23/2010 | Jed Graham

Posted on 03/25/2010 6:44:02 AM PDT by Slyscribe

Bull markets always have to climb a wall of worry. This one also will have to climb a stairway of tax hikes.

Democrats' health care overhaul (including the still-pending reconciliation bill) nearing the finish line would apply a 3.8% Medicare tax on investment gains earned by upper-income households starting in 2013. Along with a partial expiration of 2003 tax cuts at year-end, rates on long-term capital gains and dividends are due to jump in two steps from 15% to 23.8%.

The big shift in tax policy is one that could raise the barrier to saving and investment in a savings-short economy and make capital harder to come by. Near-term, it also could affect portfolio decisions as investors weigh higher taxes.

(Excerpt) Read more at investors.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: capitalgains; deficit; healthcare; taxes

1 posted on 03/25/2010 6:44:02 AM PDT by Slyscribe
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To: Slyscribe

Went of 3.2% Monday with “O’s” signing the bill.

Funny, the press are saying “several” small business tax incentives. The only one I saw reduced deductions from 45% to 35% for three years then, up to 50%.


2 posted on 03/25/2010 7:15:20 AM PDT by edcoil (If I had 1 cent for every dollar the government saved, Bill Gates and I would be friends.)
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To: Slyscribe

I am thinking of just starting to invest at the casino.


3 posted on 03/25/2010 7:30:30 AM PDT by castlegreyskull
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