Does Obama plan to raise capital gains tax?

[wvbygod]

If so, would that cause people to sell their stocks before he gets in?

[Zynx]

1. No, because there are no capital gains anymore.

Seriously, who has any capital gains?

[DesertFlower]

3. good point. nt

[mohc]

6. If we ever wanted to raise capital gains taxes

And avoid the tax planning issues that surround it, now might just be the time.

[DesertFlower]

2. i think he said only if you make more than $250,000.

[LSparkle]

4. VERY interesting theory ...

I think he's proposed an increase to the same rate under
Clinton, with some exceptions for small businesses (?).

[BuyingThyme]

5. I think there's a pretty good incentive to sell 'em already.

[nyhuskyfan]

7. For people making over $250,000

His plan is to go up from 15 percent to 20 (where it was under Clinton), although I believe he once said that he would never go higher than 28 - so people are using that 28 figure on the right.

There are clearly much larger factors at play in this current collapse.

[darkism]

8. I don't care if he does.

At least in an Obama administration we'd HAVE capital gains to be taxed!

[endarkenment]

9. cg should be taxed the same as any other form of income

I am so freaking tired of fawning over the needs of billionaires.

[wishlist]

10. No, he and McCain both want 15% tax (unless yrly income is over $250,000)

[dionysus]

11. wow, bringing out an old one from the glory days....

:rofl: