>>>>
http://www.nytimes.com/2008/08/31/business/31view.html?em>>>>
>>>>there thats a better reason to vote for Obama than wether Palin fiddled her expenses.
>>>
>>>1st sentence:
>>>"CLEARLY, there are major differences between the economic policies of Senators Barack Obama and John McCain. Mr. McCain wants more tax cuts for the rich; Mr. Obama wants tax cuts for the poor and middle class. "
>>>
>>>...and I'm done with this opinion piece.
>>
>>Did you know that Obama's plan contains tax increases for anyone earning over 45,000/yr? Do you consider that 'the rich?'
>
>No matter who wins the election, dividend & capital gains taxes are going up Jan 1, 2009. Without a dramatic shift to the right in the legislature, the death tax, marriage penalty and income taxes are going up in 2011. When the 2001 & 2003 tax cuts revert, the lowest taxable income bracket will receive a 50% tax increase (10-15%). Enjoy!
Are you familiar with details of capital gain tax increase? Will it affect investments sold after Jan 1, or bought after Jan 1?
Edward Pikman
Independent Consultant