You can be hit with taxes on capital gains you never got to enjoy.
Obama also wants to raise taxes on capital gains and dividends, from 15% to 20%.
He said under the fiscal cliff, taxes on capital gains and dividends are set to rise.
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Taxes on capital gains and dividends will increase to 20% for taxpayers at the top.
Most candidates would like to put an end to taxes on capital gains and dividends as well.
Labor should be urging zero taxes on capital gains, dividends, and savings accounts.
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Higher taxes on capital gains and dividends will not be pleasant for anyone.
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This means they can reduce their exposure to the double tax on dividends and postpone indefinitely taxes on capital gains.
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If top income taxes go to 40%, and taxes on capital gains and dividends go to 20%, America will be okay.
That can save you hundreds of dollars in taxes on capital gains that you have realized elsewhere in your portfolio this year.
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And what if taxes on capital gains stay at their current levels?
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Even raising taxes on capital gains and dividends is unlikely to have a dramatic effect, provided you phase them in over time.
In a revealing interview with Steve Moore of The Wall Street Journal, Rep. Michele Bachmann(R-MN) called for repealing taxes on capital gains.
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The cool left England in the 1970s because the tax rate on top earners then was 83%, and taxes on capital gains were 98%.
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As part of the program, Cyprus will also have to raise taxes on capital gains and companies, introduce structural reforms and privatize some state assets.
Other enterprise-stiflers are regulation and taxes, particularly taxes on capital gains.
Faso would also eliminate taxes on capital gains and dividends.
Those rate hikes may be getting most of the attention, but the real cudgel would be higher taxes on capital gains and dividends going to high-earners.
But while many of his opponents would eliminate all taxes on capital gains and dividends, Romney would zero out taxes on investment income only for the middle class.
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He would also repeal the alternative minimum tax and reduce taxes on capital gains and dividends to 12% but not eliminate them as Perry, Gingrich, and Huntsman would.
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Slash taxes on capital gains, because startups need more capital.
Naturally, cutting taxes on capital gains helps mainly rich people.
In truth, unless Republicans raise taxes on capital gains and dividends, it is hard to imagine the highest income households getting anything other than a windfall from this budget.
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You have to feel some pity for the Phippses because they were only trying to avoid double taxation--they presumably still owed taxes on capital gains on their sale of Phipps stock.
Consider this thought experiment: Imagine if the incoming Congress and Obama administration raised taxes on capital gains to 30% only to discover that the revenue receipts were not as high as planned.
It may be politically incorrect to say so out loud, but higher taxes on capital gains and dividends, the latter to the same rate level as earned income, would be particularly destructive.
And taxes on capital gains will be cut from 28% to 20% for assets held for 18 months, and then to 18% for assets purchased after 2000 and held for five years.
That's roughly a 60% increase in the tax on investments, but at least it would maintain parity between taxes on capital gains and dividends, a principle established as part of George W. Bush's 2003 tax cut.
While the impact of the fiscal cliff is only one of the factors pressuring the market, the likelihood that higher investment taxes on capital gains and dividends are coming is certainly a pressure point for big winners.
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