>>>>>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?

I'm not up on the details, but I'm fairly certain it's the sale date that matters, of course it probably varies by investment type. I know that the 2003 law extended the cuts for some through 2010 even making 2008-2010 capital gains and dividend tax free for those in the bottom 2 tax brackets. It's all quite convoluted but you can look to Forbes and WSJ for analysis.