Americans are already facing higher capital gains tax rates?: The question is actually how much higher are they going

Start with the fact that Obamacare will be imposing a 3.8 percentage point increase in capital gains taxes next year. Next comes the question of whether the Bush tax cuts will expire. If they do expire, the base capital gains tax rate goes up to 20%. In addition, there will be another 1.2 percentage points added for high income earners. Altogether, if the Bush tax cuts expire, the total capital gains tax will rise to 25%.

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Blogger Chas said...

Markie Marxist sez: "Well, uh, you know, uh, the norm for communism is 100% or thereabouts, or so. So, uh, I guess that's where we're heading? I don't make up these numbers, other people do. In the government. They're offical government people who make up these numbers, not us ordinary commies."

1/28/2012 10:46 PM  

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