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Originally Posted by jwkniska
Obama was on CNBC and stated his capital gains tax plan a couple months ago (they interviewed Obama, Clinton and McCain and asked them their tax plan for investments). Raise from what's now taxed at your tax bracket, to 40% across the board was Obama's answer (Hillary wanted to raise them to 28-31%). The democrooks call it a tax on the rich, but in reality, it will be a HUGE tax on the middle class, as the majority of investment $$ out there is everyone's 401k, IRA and/or pension... which the last time I looked, was not the rich, but the working class.
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40% across the board...and we think the track hold is criminal. I work hard, pay high income taxes now- have a business that provides jobs for numerous people- and in the event I have a few bucks at the end of the day to invest, somebody wants to take 40% of what I earn on that? God forbid I may one day manage to get past all of that and leave it to my family because they'll take over half of that when I die.