Is Obama planning to raise capital gains taxes for all investors or just the “super rich”?
If you have been following Obama and his capital gains taxation plan, he has no idea of what a capital gains tax is and how it works. When asked that similar question he had no idea what a capital gains tax was how it worked or affected the rich, poor, or in between. Just know that if he is elected and the congress is controlled by the social-crats anything and everything you make will be taxed at a higher rate.
He’s planning to raise income taxes for higher income earners (including many who are far from “rich”) and capital gains taxes for everyone. He wants to increase taxes on dividend income. He will also need to raise Social Security and Medicare taxes while cutting benefits. Look at his “Plan for America.” It’s 64 pages long and only outlines WHAT he wants to do. It doesn’t say HOW he plans to do those things or HOW MUCH they’re going to cost or WHO IS GOING TO PAY for them. Obama is the ultimate socialist panderer. He’s not promising something for everyone, but everything for everyone (unless, of course, you’re “rich,” in which case he “cure” you of that illness). He’s delusional.
