According to BI’s veryn own Henry Blodget most of the
attention around the tax hikes that are scheduled to hit on January 1st has
been focused on income taxes.
The Bush tax cuts are set to expire, and unless we get a
deal on the Fiscal Cliff, this will mean that the top-bracket income tax rate
will rise from 35% to 39.6%.
That's a meaningful increase, but it's hardly debilitating,
and the resulting tax rate will still be historically low. Capital gains taxes will also revert to
Clinton-era levels, rising from 15% to 20%....
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