Wednesday, December 19, 2012

Great News, Rich Americans, Looks Like Obama's Caving On Dividend Taxes!




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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