Dearth and Taxes

3 Feb

Here are the new taxes that President Obama has proposed in his new budget plan. Which one of these new taxes would be a big problem for you to pay or would hurt your children and family after you are dead?

-Raising the capital gains tax, paid by investors when they sell at a profit.

-Imposing a new tax on inheritances. So if you are a billionaire or own A family home or a stock portfolio that quadrupled in value to $1 million over the years and want to leave it to a child it could be subject to taxes on that gain, whether or not it’s sold.

-Cutting the corporate tax rate to 28 percent from 35 percent. The proposal would limit corporate tax deductions, and also tax overseas profits held abroad at a special lower rate (14 percent — if companies return them to U.S. shores)

-Levying a tax on large banks, designed to compensate for the advantage they gain in the market from being seen as “too big too fail.”

Naturally the Republican Congress is outraged over these tax proposals and will most definitely oppose them and make sure they never see the light of day because…“these new taxes would really make it hard on American families.”

I don’t know how hard these new taxes would affect your “corporate” family, but my “corporate” family should do just fine…wake me up when they start proposing taxes on debt!

2 Responses to “Dearth and Taxes”

  1. womanseyeview February 3, 2015 at 10:45 pm #

    Make the rich pay would seem obvious since we’re picking up their slack…

  2. TamrahJo February 7, 2015 at 4:13 am #

    Yup. Cant see how this is going to affect me or anyone I know other than a couple friends who won’t get raises and benefits slashed because their boss’s boss’s boss needs to find the money for his annual bonus

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