The Federal Government intends to increase the capital gains tax from 10%
to
80%. So those selling stocks now and locking in capital gains are smarter
than the average. Also when you sell a home for more than you paid for it
you will be required to pay the new tax unless you lock in your profit
before the new tax goes into effect. This tax will also apply to certain
businesses so incor****ating a persons personal business will not help them
avoid the new 80% tax.
