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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (19740)4/30/2008 6:36:04 PM
From: RetiredNow  Respond to of 149317
 
What happens when Obama raises the cap gain tax to 28%?

I will make less out of my retirement funds, unfortunately. I've never been a big believer in high cap gains taxes. I prefer to stick it to the rich people through ordinary income taxes. Cap gains hits every retired person in their pocket book. Should we be punished for working our asses off all of our lives to save enough money to retire and to not have to rely on social security?

Anyway, I think your real point was that Obama doesn't pander. I agree. That's what makes him good. People like me take Obama and all his stances and find him on the balance the best candidate, which is why I'll vote for him.



To: Jim McMannis who wrote (19740)4/30/2008 7:42:15 PM
From: Sr K  Read Replies (1) | Respond to of 149317
 
Obama backed away from the 28% cap gains talk last weekend.

And he made a point that mindmeld ignores, I think, that people with 401(k) plans take withdrawals subject to ordinary tax rates.

An increase in the capital gains rate past 20% would not pass this Congress (and it would be vetoed) or any conceivable new Congress.


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