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Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (21176)	8/14/2008 6:35:52 PM
From: pompsander	Read Replies (2) \| Respond to of 25737

His proposal would raise the capital gains tax, no? (It's 15% now, so he would be raising it). Hardly a "lie" there. Heck, GZ, don't even start down the road of politicians saying one thing today and another thing later. John McCain has en enormous list of "policy changes" in just the past few months, not the least of which is offshore drilling. It comes with the territory of being a politician.

To: GROUND ZERO™ who wrote (21176)	8/15/2008 11:07:42 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 25737

Er... GZ... technically (& what other way is there then 'technically' to examine a tax issue?) it is a 'raise' in the maximum cap. gains tax rate! So: No 'lie'. (It's a 'raise' from Bush II's current --- but only temporary, never passed as permanent --- maximum cap. gains rate of 15%....) Obama's new (permanent, not temporary) MAXIMUM cap. gains tax rate would be 20% (still... much lower then Reagan's or Bush I's or Clinton's capital gains tax rates!) But --- as the written details of Obama's proposal make clear --- for MOST FOLKS Obama would be keeping and MAKING PERMANENT Bush II's temporary lower 15% rate... because Obama's new MAXIMUM cap. gains rate of 20% would only kick-in for individuals who file with annual adjusted gross incomes above $200,000, or joint returns above $250,000. :-)