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#1 The earnings were taxed prior to their investment in stocks and bonds. The earnings from stocks and bonds was taxed once again as capital gains. These gains is now being hit a third time with a 3.8 percent surtax. When we go "off the cliff" (and we surely will) the capital gains tax portion will be doubled as well.
The Champ is devouring the host before our very eyes.
Posted by Besoeker 2012-12-04 01:46||
#2 [gains are being hit....]
Posted by Besoeker 2012-12-04 01:47||
#3 With taxes like these, who needs the AMT?
Posted by Raj 2012-12-04 10:00||
#4 That will *really* encourage capital investment and growth!
This helath care reform law seems to have a boatload of taxes cooked into it.
Posted by OldSpook 2012-12-04 22:15||
#5 for those who might not catch the tone, that was supposed to be sarcasm in the first line of my post. This is going to cause further capital flight. Not to mention the effects of US inflation once they have to inflate away all the debt Obama and Reid and Pelosi locked us into
Posted by OldSpook 2012-12-04 22:17||
#6 The question is... where is all the capital going to go?
Posted by CrazyFool 2012-12-04 22:19||