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Obama's Most Dangerous Tax Hike: Savings and Investments

PCitro Wrote: Dec 02, 2012 7:39 AM
How long do you think before the tax rates trickle down to the middle, middle class not the upper middle class ??
Buck O Wrote: Dec 02, 2012 8:56 AM
volinva Wrote: Dec 02, 2012 8:44 AM
Not long. Everyone will be asked "to contribute just a little more" Anybody remember how to cook a frog?
jilgavvent Wrote: Dec 02, 2012 8:11 AM
Obama doesn't care he knows there is not enough tax dollars in the 2%, even 10% to keep his spending habits going! He wants control of every facid of business, industry and wealth! He is a radical nut job and his ideals will never be realized. Why,because there are other forces at work here that will not let that happen, read about it.
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...

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