Question about possible Capital Gains and dividends tax raise

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Originally posted by: TallBill

Originally posted by: Skoorb

Originally posted by: ProfJohn
If Obama wins we could see a huge sell off as people try to get their gains before Obama can raise the capital gains taxes.

Do the math.

Sell now and pay 15% or sell under Obama and pay the old 28% or even the 20% he talks about.

If you have a $100,000 gain coming a 5% jump is a LOT of money. And if people really think he will return it to 28% then the bottom is going to fall out as everyone rushes to sell.

We have already had a huge sell.

Anyway, I'd love to hear from all these people who are looking at big capital gains taxes this year, you know considering the DOW is down 33% in the last year.

lol It'll be back to "not shitty" in 5 months and at record highs in 24 and whoever is the president will take credit for the business cycle.

Whether your timeframe is right or not, basically that is correct hehe

 

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The top capital-gains rate for families making more than $250,000 would return to 20% -- the lowest rate that existed in the 1990s and the rate President Bush proposed in his 2001 tax cut. A 20% rate is almost a third lower than the rate President Reagan set in 1986,? wrote Obama advisors Jason Furman and Austan Goolsbee in Thursday?s Wall Street Journal.

link

 

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When the gov't spends like there is no tommorrow, taxes are going have to be raised to cover that.