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To: NormsRevenge

Taxes on investment income is up in the air?? Are they coming after your 401ks and other retirement investments....and breaking every promise for it to be a tax benefit???


3 posted on 05/07/2010 9:43:42 AM PDT by Sacajaweau (What)
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To: Sacajaweau
Taxes on investment income is up in the air?? Are they coming after your 401ks and other retirement investments....and breaking every promise for it to be a tax benefit???

I think they are trying to decide what the capital gain tax and dividend tax rates should be for non-retirement accounts. This isn't (yet) a plan to tax Roth accounts or to tax non-Roth accounts at anything other than normal income tax rates. They want to be able to raise cap gains and dividend rates on everyone, but still be able to weasel out of Obama's campaign promises of not one tax increase on those making under $250,000.

9 posted on 05/07/2010 10:05:57 AM PDT by KarlInOhio (I am so immune to satire that I ate three Irish children after reading Swift's "A Modest Proposal")
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