Re: Capital Gains Tax to Increase to 80%

"Scott Bogatinoff" <s.bogatinoff@[EMAIL PROTECTED]
> wrote in message 
news:kT4bg.74108$Fs1.59608@[EMAIL PROTECTED]
> 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.

Unless you are talking about the Federal Government of Zimbabwe, and not
the 
US, this is untrue. Bush just signed the bill that extended the current 
dividend and capital gains rates to 2010 and also put on hold the
escalation 
of the AMT.