From Obama Clueless on Taxation and Entrepreneurship
Back in April in a televised debate with Hillary Clinton, Obama revealed details about why he will seek to increase long term capital gains rates from 15% to 28%, affecting anyone who owns stock. We all think of taxes as a revenue generator needed to run our country, but Obama thinks of taxes as a fairness axe, meant to cut down anyone who is more successful than he is ...
Great chart too, showing capital gain tax increases and their outcome. I won't rip it, head over and read the article.
Sunday, May 18, 2008
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