Skip to comments.Capital Gains Taxes Set To Rise, Crimping Investment, Savings
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 ...
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%.
I am thinking of just starting to invest at the casino.
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