So the capital gains tax rate that is now 15% would increase in 2011 to 25.4% with the surcharge and repeal of the Bush tax rates. The tax rate on dividends would rise to 45% from 15% (5.4% plus the pre-Bush rate of 39.6%).

said by TKJunkMail :

»online.wsj.com/article/SB1000142···_opinion
There is a lot of other nasties in there. Read the article.

said by badtrip :

I admit I have no desire to read the rest of the nasties but TBH, I couldn't care less if the capital gains tax is increasing. As a matter of fact, I'm happy about it. Capital gains tax is a "rich man's" tax and I say if they don't like it, stop gaming the markets.

said by Rob :

The increase in tax also makes the stock market, in particular, a rich man's game. The less fortunate now are less likely to invest in the market because of the new tax increase.

Raise taxes to 45% goes against everything what this country stands for - and was founded on.

In the end, less people will invest in the stock market. I guess the Dems don't realize that the stock market really does make the world go around.

said by Rob :

The increase in tax also makes the stock market, in particular, a rich man's game. The less fortunate now are less likely to invest in the market because of the new tax increase.

said by pog :


To further accelerate things, we just need a little inflation... eventually everyone will be making at least $500k/year and paying maximum taxes.

said by Rob :

Yep. And milk will be $125 dollars a gallon