Diary

obamas new tax plan

O bama has a new tax plan posted this week, here is what he has on capital gains. can any of you smart guys tell me if there is any truth to it.

Capital Gains: Families with incomes below $250,000 will continue to pay the capital gains ratesthat they pay today. For those in the top two income tax brackets – likewise adjusted to affect onlyfamilies over $250,000 – Obama will create a new top capital gains rate of 20 percent. Obama’s 20%rate is equal is the lowest rate that existed in the 1990s and the rate that President Bush proposed in2001. It is almost a third lower than the rate that President Reagan signed into law in 1986.viio Dividends: The top dividends rate for people making over $250,000 would be set at 20 percent.

I usually ask my accountant but he vacationing in mexico