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cap gains increase?

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  • cap gains increase?

    was reading the info on the proposed tax extensions/cuts/ss stuff, etc. but couldn't tell if it meant if the cap gains rate would go back from 15 to 20%. anyone else see if that's happening?

  • #2
    From reuters.com

    "The tentative tax-cut deal, which is expected to extend breaks on dividends and capital gains as well, also calls for a 2 percent employee payroll tax cut and a 13-month extension of unemployment benefits, which could placate some Democrats."

    Obama announces tax deal with Republicans | Reuters

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    • #3
      It's not a 2 percent employee payroll tax cut. It's 2 percentage points. The press is driving me crazy today. 2 percentage points off of a 6.2% tax results in a 32% employee payroll tax cut.

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