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Originally Posted by SentToStud
Obama would raise the top tax rate from 35% to 39% and would also raise cap gains from 15% to 20-28%.
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Obama was on CNBC and stated his capital gains tax plan a couple months ago (they interviewed Obama, Clinton and McCain and asked them their tax plan for investments). Raise from what's now taxed at your tax bracket, to 40% across the board was Obama's answer (Hillary wanted to raise them to 28-31%). The democrooks call it a tax on the rich, but in reality, it will be a HUGE tax on the middle class, as the majority of investment $$ out there is everyone's 401k, IRA and/or pension... which the last time I looked, was not the rich, but the working class.