We were just reminded that capital gains tax rates are set to increase from 15% to 20% if the Bush tax cuts are not extended. Last time the capital gains tax rate went up, which was on Jan. 1, 1987 (the rates increased from 20% to 28%), investors chose to sell stock and realize their […]
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Soda Pop Tax
Wednesday, November 17th, 2010 | Comments Off on Soda Pop Tax
Former Federal Reserve Vice Chairman Alice Rivlin and former Republican Senator Pete Domenici, heading a 18-member group of experts on the U.S. federal budget deficit, on Wednesday called for a soft drink tax, 2011 Social Security tax holiday, and government spending freezes to help balance the budget. Among its recommednations, the group called for a […]
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