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<blockquote data-quote="paidslave" data-source="post: 395658" data-attributes="member: 10762">Maybe this will help! If you make less than 250k you won&#039;t have to worry about an increase.&nbsp;Obama Clarifies Scope of Capital Gains Tax Hike&nbsp;&nbsp;&nbsp;August 14, 2008 7:33 PMABC News&#039; Teddy Davis, Arnab Datta, and Rigel Anderson Report: Sen. Barack Obama’s, D-Ill., top economic advisors announced on Thursday that he is seeking to raise the capital gains tax rate from 15 percent to 20 percent for those Americans making more than $250,000 per year. “The top capital-gains rate for families making more than $250,000 would return to 20% -- the lowest rate that existed in the 1990s and the rate President Bush proposed in his 2001 tax cut. A 20% rate is almost a third lower than the rate President Reagan set in 1986,” wrote Obama advisors Jason Furman and Austan Goolsbee in Thursday’s Wall Street Journal. Thursday’s <a href="http://online.wsj.com/article/SB121867201724238901.html?mod=opinion_main_commentaries" target="_blank">Wall Street Journal op-ed</a> is the first time that Obama’s campaign has pinpointed the scope of his capital gains tax hike on families making more than $250,000 per year, according to Obama spokesman Bill Burton. The details on the capital gain tax hike are part of a broader economic platform that prioritizes tax relief for middle-class families over deficit reduction.</blockquote>

[QUOTE="paidslave, post: 395658, member: 10762"] Maybe this will help! If you make less than 250k you won't have to worry about an increase. [B]Obama Clarifies Scope of Capital Gains Tax Hike[/B] August 14, 2008 7:33 PM ABC News' Teddy Davis, Arnab Datta, and Rigel Anderson Report: Sen. Barack Obama’s, D-Ill., top economic advisors announced on Thursday that he is seeking to raise the capital gains tax rate from 15 percent to 20 percent for those Americans making more than $250,000 per year. “The top capital-gains rate for families making more than $250,000 would return to 20% -- the lowest rate that existed in the 1990s and the rate President Bush proposed in his 2001 tax cut. A 20% rate is almost a third lower than the rate President Reagan set in 1986,” wrote Obama advisors Jason Furman and Austan Goolsbee in Thursday’s Wall Street Journal. Thursday’s [URL="http://online.wsj.com/article/SB121867201724238901.html?mod=opinion_main_commentaries"][COLOR=#265599]Wall Street Journal op-ed[/COLOR][/URL] is the first time that Obama’s campaign has pinpointed the scope of his capital gains tax hike on families making more than $250,000 per year, according to Obama spokesman Bill Burton. [U]The details on the capital gain tax hike are part of a broader economic platform that prioritizes tax relief for middle-class families over deficit reduction.[/U] [/QUOTE]

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