Discussion:Article on Barron's this morning
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| 25 August 2008 | |
| Hello,
I just read in Barron's (Dueling Visions - Monday, August 25, 2008) that McCain would retain capital gains and dividends rate "at 15%, the level set in 2003" while Obama would "raise taxes on capital gains and dividends to 20%, possibly 28%". I'm fairly new to tax topics, but looking at Section 1(h)(1)(E), I can see that the scale already goes to 28% in the highest tranche. Could someone explain to me the Barron's comment? I would love to know the answer. Thanks in advance, degroove | |
| 26 August 2008 | |
| The best way is not to look at the details (which will change), look at the trends. If ANYONE thinks that we don't have to start paying the bill for what George Bush and sidekick Cheney did, they are delusional.
Taxes must trend upward over the coming years, and of course, per the play book, it will be blamed on Democrats. The key thing to remember is that the US is a debtor nation, and now we are a huge debtor nation. We must begin to balance our books or we will have to pay higher interest rates to feed our appetite for loans. McCain should not make promises he knows da*n well he can't keep. But, that's politics. | |
