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Obama's Most Dangerous Tax Hike: Savings and Investments

tuttletacoma Wrote: Dec 01, 2012 8:56 PM
unconstitutional moron shows up and tells us how happy he is that he can masterbate for another 4 years because his lord and savior is infesting the oval office I guess when you are tenured at some college and know, no matter how much you fugg up, no matter how many minds you help turn to mush you will always get a paycheck and later an undeserved and unearned pension, and still think you can bite the hand of the taxpayers who are funding the damage you are doing your fantasy of critical thinking fits in with comrade hussein's telling the terminally stupid that he will heal the planet and lower the tides
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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