Capital Gains Taxes Set To Rise, Crimping Investment, Savings
March 23, 2010 — Investor's Business Daily
By JED GRAHAM, INVESTOR'S BUSINESS DAILYPosted 03/23/2010 07:22 PM ET
Bull markets always have to climb a wall of worry. This one also will have to climb a stairway of tax hikes.
Democrats' health care overhaul (including the still-pending reconciliation bill) nearing the finish line would apply a 3.8% Medicare tax on investment gains earned by upper-income households starting in 2013. Along with a partial expiration of 2003 tax cuts at year-end, rates on long-term capital gains and dividends are due to jump in two steps from 15% to 23.8%.
To read the rest of this article, click here.
Bull markets always have to climb a wall of worry. This one also will have to climb a stairway of tax hikes.
Democrats' health care overhaul (including the still-pending reconciliation bill) nearing the finish line would apply a 3.8% Medicare tax on investment gains earned by upper-income households starting in 2013. Along with a partial expiration of 2003 tax cuts at year-end, rates on long-term capital gains and dividends are due to jump in two steps from 15% to 23.8%.
To read the rest of this article, click here.
