In response to:

Obama's Most Dangerous Tax Hike: Savings and Investments

awtabs Wrote: Dec 02, 2012 3:07 PM
What's the point of investing in stocks or having a 401K for the average person?
rhinegarten Wrote: Dec 02, 2012 5:10 PM
Hey! Someone else finally hit on that one! If you have a 401k, you'd bettter pull it 'cause it's going to be gone if the Democrats get their way.
College Prof 56 Wrote: Dec 02, 2012 4:05 PM
Exactly the point of Obummer's tax plan.
President Obama proposed tax hike contains a lot to dislike, but what hasn't gotten much attention is the tax hike on savings and investments. While the marginal income tax rate will rise from 35% to 39.6% for top income-earners and small business owners, the proposed tax hike on capital gains and dividends could cause the most long-term economic damage.

That's not to downplay the rise in marginal rates. It could cost hundreds of thousands of jobs over the next few years. More universally acknowledged by economists, however, is the economic harm that savings and investment taxes do. In the...

Related Tags: Investment Barack Obama Taxes