Obama, Dividend and Taxes Can You Be Re-Elected On Tax Increase Announcements?
Who likes paying more taxes? You? I don’t! But sometimes, raising taxes is a very good move… Back in February, President Obama deposited his 2013 budget proposal. Included in this “pre-electoral” budget, 2 major tax changes for investors: #1 The “Buffet Tax Rule” which aims to increase taxes to 30% for the 1% Americans making millions/year. This should bring in an additional $50G to the Gov’s pockets. The current tax rate is around …