Senator Max Baucus says that middle class taxpayers will permanently benefit from a 15% tax rate on capital gains taxes. However, higher income tax brackets would pay a capital gains tax of 20% by 2010.
You do realize, of course, that middle class taxpayers aren't generally investors. This means nothing to most of them. The investments come from people with money to invest (duhhhhhhh), and for them ... the capital gains tax rate goes up.
April 15th is getting close! Please remember to pay your taxes. Someone has to pick up the tab for the Treasury Secretary.
Seed Newsvine
No comments:
Post a Comment
Thank you for your comments. Don't worry, you won't hurt my feelings if your about to write something negative towards me or the blog. Just be prepared to defend your statements.
TTFN