Posted By:
Al C.risafulli" That being said, Obama's anticipated massive increase in capital gains tax and other associated taxes hits everyone, not just those in the top tax brackets."
Jeff, that's the statement you made that I'm trying to understand. You're pointing to a massive increase in capital gains and other taxes that hit everyone, and yet I don't see anywhere in Obama's plan where a thing exists. As I understand it, Obama plans to increase the capital gains taxes on families earning greater than $250K to no more than 28%, more likely closer to 20% - and not at all at the lower income levels.
From reading what you're saying in that sentence above, your post would indicate that this is untrue. That confuses me, because everything I've read directly from the Obama campaign would indicate otherwise. Can you help me?
-Al