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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: silvertoad who wrote (57178)2/29/2008 3:23:53 PM
From: Mr. Aloha  Read Replies (1) of 78408
 
The 15% max LT cap gain rate is scheduled to expire at the end of 2010. Instead of trying to repeal the tax rate in 2009, the new president is likely to just let the rate cuts expire in 2010, which is what they've said on the campaign trail.

I don't think there's any chance a new administration that's sworn in in 2009 would retroactively increase the LTCG 15% rate for 2008. There's no way that would pass.

The 15% rate likely won't be changed until the beginning of 2011, so we probably have almost 3 years before people will need to sell to lock in the lower rate.
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