Higher tax rates on savers and investorsSo much for that pledge. As I have said before America...you get what you vote for, and this can certainly be classified as "change".
The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.
More to follow....
Source: Americans for Tax Reform