Are capital gains included in the proposed tax increase on the wealthy?

There are still enough Republicans in Congress to prevent doing what’s right. Think about it. Obama simply has proposed to go back to Clinton tax rates for the rich. They ALL KEEP THE TAX CUT on the FIRST $250,000.00. This means someone making $260k will pay $400 more or so a year. And Republicans won’t even do THAT without pissing and moaning about it.

Obama is simply doing what he thinks is do-able. Republicans would rather destroy the country than make the super rich pay taxes like working folk do.

Romney pays a lower rate than I do currently. And he will when all is said and done. And that’s a tragedy, but the only solution is to REPLACE REPUBLICANS in Congress with sane people.

www.patrioticmillionaires.org

no longer in all probability. merely before the "Bush Tax Cuts" being enacted, a relief in the Capital good points fee had already been signed into regulation via President Clinton. This regulation decreased the fee on Capital good points to twenty%. So, if no longer something is complete and all the Bush Tax Cuts expire, the Capital good points fee basically is going as much as twenty% which continues to be an exceedingly good deal for the wealthy.

The current capital gains level for long term gains to individual taxpayers is 15%, not 10% to 13%. That's section 1(h) of the tax code, if you're keeping score at home. On short term gains to individuals, the rate is the same as the ordinary marginal rate, whatever it might be. For corporations, the rate is the same as the marginal corporate tax rate under section 11 of the tax code, i.e., a maximum of 35%.

If we go over the fiscal cliff, the rate on LTCG rises to 20%, PLUS a 3.8% Medicare tax, making the rate 23.8%.

http://www.cbsnews.com/8301-505146_162-57522450/4-...

There are numerous proposals afoot. It is said that the President favors increasing the LTCG to 20%, but only for top marginal rate taxpayers, i.e., above $250,000 taxable income. That is NOT likely to be the way the situation resolves.

Currently the richest pay about 15%. When the top marginal rate was 70% they paid 23% I'd just like to see them plug the alternative minimum tax so that those in higher brackets pay at least 25%. And eliminate the qualified dividend rate for foreign dividends to encourage repatriating investments.

Nothing has been decided. Capital gains are going up to 20% at the end of 2012 regardless of how much stock you sell. This will hurt a small investor like myself who will buy and sell stock but at much lower levels than Warren Buffet.

The money that I am investing has already been taxed by the normal income rate (28%), so why am I being taxed again? High taxes is not how to build wealth and if we go to the normal tax rate, it will kill small investors completely because the cost will be too high.

Maybe we should wait to see what the actual negotiable proposal is.

Once the Reps stop their little Media Party and get serious we will see.

Norquist and his media blitz is a joke. Who is Gubber Norquist and who elected him to run Congress?

Spending? Yes let us stop spending on tax cuts that were designed to expire after they sucked the surplus out with the wars

With BHO care capital gains for $250,000 an up will go up 3.8% no matter what happens to the rate.

Yes the crats want to raise the capital gains tax to twenty per cent.

not according to the last word I got..but then you'll never prevent wealth from leaving the country!..no matter how hard you try if a rich person gets tired of paying the tax rates (s)he will leave and YOU can't stop them!

Nothing has been settled yet. You cannot get a valid answer as to what will be the final result.