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Technology Stocks : Apple Inc.
AAPL 267.52-1.1%9:30 AM EST
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To: Sr K who wrote (145176)11/16/2012 11:54:21 PM
From: Kelly G.  Read Replies (1) of 213172
 
I see it as a blogger post, on Forbes, for example, as a proposal.

That's not the current law.
Not current law, but:

If the Bush-era tax cuts expire, taxes on capital gains would revert back to its previous rate of 20 percent from its current 15 percent. Another 5 percent may be added from health-care levies and changes in itemized deductions, bringing the rate to 25 percent for many high earners.


finance.yahoo.com

The point is, that there is uncertainty and a very good chance that capital gains rates will be higher. They could even be higher than just letting the tax cuts expire. The likelihood that capital gains taxes will be lower? Snow balls chance in hell. 5% higher or 10% higher or even higher than that on millions of dollars in capital gains is very significant even to some institutional investor or billions of dollars.

BTW, I have seen it written exactly as "in excess of $5 million in capital gains" but I am too tired to look it up right now.
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