Delayed energy investment disturbing Nov 13, 2008
There's a silver lining to the market crash -- a break on capital gains tax. Too bad it's your own money. (Financial Post)
Holiday shopping season may be more festive than you think Nov 12, 2008
Derek Abma, Canwest News Service Published:Tuesday, November 11, 2008. Story tools presented by. (Financial Post)
Read 'Beltway Boys' transcript Nov 11, 2008
The other thing I wish he would have done is announce that he wouldn't raise the capital gains tax rate. I realize that would be heresy among a lot of liberal Democrats but that again would calm markets, I think in a dramatic way. (Fox News)
Final bids on Cubs due by Thanksgiving Nov 11, 2008
Tribune Co. chairman Sam Zell was seeking a heavily leveraged deal to minimize the capital gains tax. Bidders now have until Thanksgiving to establish commitments from banks and other financiers. (MLB.com -- Chi Cubs Cubs)
Calbreath: Not even close to rescuing the economy Nov 10, 2008
Schwartz suggests a free-market method of bringing stability to the housing market: remove the capital gains tax for investors who buy homes and keep them longer than five years. Schwartz said that even if the market continues to slump, that could be enough to bring in investors including himself who have an eye on long-term profits. (San Diego Union-Tribune)
Money Box: House price falls mean less inheritance tax - but how do you claim? Nov 9, 2008
Property sold for a higher price may be liable for capital gains tax ... However, if a lower valuation is agreed and the property is subsequently sold for a higher price, then capital gains tax may be due on the difference. (BBC News -- UK)
S A Aiyar: Celebration and hangover Nov 9, 2008
He wants to raise the capital gains tax from 15% to 20. That worsens the risk-reward ratio for US investors, and will make them more reluctant to invest in emerging markets like India, which are considered riskier than the US.. (India Times, India)
What is the single most important ramification of the election? Nov 8, 2008
Specifically, his proposal to raise capital gains tax is just plain stupid ... Specifically, his proposal to raise capital gains tax is just plain stupid ... As such, if faced with a substantial increase in the capital gains tax, I can forsee a lot of rich people saying screw it and not investing their money to begin with. (Atlanta Journal-Constitution -- Opinion)
In first press conference, Obama calls for swift action on economy Nov 8, 2008
pseudo-intellectual wrote on Nov 7, 2008 12:28 PM:" The market has resumed its downward march, and is unlikely to recover anytime soon, not only because of the economy but because of Obama's plans to double the capital gains tax on the wealthy. I hope the headline of this article is correct- namely that Obama is talking WITH people and not just TO them, that is telling them what he is going to do without heeding advice from folks who know how the markets and business work in this country. ".... (The Pantagraph newspaper)
Paul Krugman: The Obama agenda Nov 8, 2008
Helping the neediest in a time of crisis, through expanded health and unemployment benefits, is the morally right thing to do; it's also a far more effective form of economic stimulus than cutting the capital gains tax. Providing aid to beleaguered state and local governments, so that they can sustain essential public services, is important for those who depend on those services; it's also a way to avoid job losses and limit the depth of the economy's slump. (International Herald Tribune)
What Obama's Spending Plans Mean for Your Portfolio Nov 8, 2008
Capital gains tax cuts on small-business investments. Obama has also said he favors infrastructure projects -- roads, bridges, schools, and such -- to create work in an economy that is rapidly bleeding jobs. (MSNBC -- Business)
Jobless in America Nov 8, 2008
He has reduced the capital gains tax, making it easier for Americans to accumulate personal wealth. He has been in favor of offshore drilling to reduce our dependency on foreign oil. (NJ.com -- Times)
What will the Barack Obama presidency mean? Nov 7, 2008
" The coroner stated that the once powerful nation was unaware that she had been receiving injections of the extremely poisonous greed for nearly 100 years. Ironically, these injections were being administered by the elected officials who were entrusted with her care. The first injection was ordered by Woodrow Wilson in December of 1913 when he signed the Federal Reserve act into law, even though he had no constitutional authority to do so. This injection allowed a group of parasites known as... (Columbus Telegram, NE)
Election gridlock yields Nov 7, 2008
If you increase the capital gains tax, there will be less capital, less productivity and wages aren t going to increase. Cribbin s strategy for coping with the election outcome is to continue to build his niche financing resources as large lenders retrench. (Tampa Bay Business Journal, FL)
LETTERS: NCT, Nov. 6, 2008 Nov 7, 2008
Oh no, he plans on eliminating itemized deductions altogether, eliminate the cap on social security taxes, increase the social security tax by 4-6% and increase the capital gains tax from 15 to 30. Leading Democrats want another 2% -5% surtax, and there is serious discussion on taxing 401(k) plans. (North County Times)
Governor: Tax hikes, spending cuts to fix budget Nov 7, 2008
At a news briefing, Schwarzenegger said the recent Wall Street meltdown is expected to result in a drastic reduction in the state capital gains tax, as much as $4 billion. Schwarzenegger's plan to increase taxes by $4. (San Francisco Chronicle)
Pelosi Favors Tax Cut, Two Shots of Stimulus Nov 7, 2008
Ms. Pelosi said she doesn't favor a capital gains tax cut, as pushed by congressional Republicans. But she did say the "second piece" of the Democratic stimulus agenda should include a tax cut. (SmartMoney)
Random Thoughts: The Dearth of Black Coaches Nov 7, 2008
Will it be used to distract everyone from the state of the economy that is voting with their feet over proposed corporate and capital gains tax increases. Does it matter. (PurpleWildcats.com)
Why we shouldn't get too comfortable Nov 6, 2008
Come January, we will see how much the recent collapse in the stock market and housing sectors will hurt capital gains tax collections. The governor is predicting a 30 percent drop in these revenues, but we'll be lucky if that happens. (Boston Globe)
Iran also ripe for change Nov 6, 2008
In Iran, only government employees pay their complete income tax bill because the tax is taken out of their paychecks; the private sector does whatever is necessary to minimize its tax obligations and hardly anyone pays capital gains taxes. The absence of an effective progressive income tax and a capital gains tax have in turn been a major determinant of Iran's highly skewed income distribution, a large blot on the record of any revolutionary government. (Asia Times Online)
Looking For The 'Obama Effect' Nov 6, 2008
Brokers and asset managers also stand to suffer if the president-elect follows through on plans to raise the capital gains tax. The Citi report said renewable energy companies, low-end retailers and generic drug manufacturers are some of the sectors well-positioned under an Obama administration, which is expected to pump up investment in alternative fuels and make attempts at a universal health-care system. (Forbes -- Markets)
1031 Exchanges: Tax-Deferred, Not Tax-Free Nov 6, 2008
If your client expects to see cash from a 1031 exchange, it may be better to initiate the transaction in 2008, when the capital gains tax rate is only 15 percent, he said. You can t predict what will happen next year to the capital gain rate, but many of my clients are concerned Congress will increase it next year, and they want to take advantage of the current rate, Brown said. (Realtor Magazine Online)
South Florida business leaders react to Obama win Nov 6, 2008
A number of clients are looking at their companies and investments and analyzing how they can exit them now at the current 15 percent capital gains tax rate, he said ... A number of his clients have said that they not only want to sell, but sell this year to take advantage of the current capital gains tax rate ... Stone was referring to Obama s suggestions of renegotiating parts of NAFTA and increasing capital gains tax. (South Florida Business Journal, FL)
Weyrich: What to Expect From Obama White House Nov 6, 2008
This may include massive increases in the death tax, the capital gains tax, income taxes and corporate taxes, among others. Such increases would cripple our economy, diminish growth, make goods and services much more expensive, and reduce Americans to a lower standard of living. (Newsmax)
A repeat lesson for voters Nov 5, 2008
It is for example likely that a capital gains tax increase from 15% to 20% will indeed yield additional revenue over the long term, although a further increase beyond 20% might not - wherever the Laffer optimum for capital gains taxes lies, it is almost certainly above a 20% marginal rate. Likewise, Obama's healthcare proposals mix increased government subsidy with considerable reliance on free-market cost reduction measures; they appear well designed if you like that sort of thing. (Asia Times Online)
The Candidates and Retirement: A Quick Overview Nov 5, 2008
During George W. Bushs presidency, the capital gains tax rate was lowered from 20% to 15 ... However, in 2009 and 2010 McCain would like to lower capital gains taxes from 15% to 7. (Fox News)
Republican VP candidate brings election eve mesage to JC Nov 5, 2008
We will balance the federal budget by the end of the first term, Palin promised, adding McCain would lower income taxes and cut the capital gains tax. John McCain and I have a disagreement with our opponents, and it's the worst possible time to raise taxes, she said. (Fulton Sun, MO)
More interest rate relief on the way Nov 5, 2008
Mr Swan will this week release the Government's Mid-Year Economic and Financial Review, which is expected to forecast that the crisis will cut corporate tax and capital gains tax revenue by as much as $10 billion a year, wiping out much of the budget surplus. The Treasurer said that the $10. (The Age, Australia -- Business)
Tubbs challenging Meyer for Assembly Nov 5, 2008
Meyer has said that his top priority is to stimulate the regional economy and create new jobs by using government incentives like capital gains tax relief in return for investments that bring jobs to Wisconsin. 2. (Forest Republican, WI)
Bye-bye billions Nov 5, 2008
" The mid-year budget review was the first detailed assessment by Treasury of the impact of the global financial crisis on the Australian economy. In rosier-than-expected forecasts, Treasury predicted Australia would avoid a recession as growth for this financial year slipped from the 2.75 per cent forecast in the May budget to 2 per cent. The $10.4 billion spending the Government unveiled last month is responsible for between 0.5 per cent and 1 per cent of that growth figure. Next financial... (Sydney Morning Herald -- Business)
Australia Cuts Budget Surplus, Growth Estimates Amid Credit-Market Turmoil Nov 5, 2008
Australia's benchmark of stocks has plunged 32 percent this year, and property prices fell in the third quarter by the most since 1978, reducing government revenue from capital gains tax. Company Taxes. (Bloomberg -- Australia & New Zealand)
Coal in Government Crosshairs Nov 4, 2008
Senator Obama also wants to raise taxes on investment, such as raising the capital gains tax rate and the tax on dividends. Again much of the press depicts these tax policies as affecting only investment bankers and multimillionaires. (Townhall.com)
Barack Obama And The Economics Of Sesame Street Nov 4, 2008
Oh really, I said to him, what was the capital gains tax rate while Bill Clinton was President. . (Townhall.com)
John McCain: Message of the day Nov 4, 2008
Cut the capital gains tax in half. Lower the maximum corporate tax rate from 35% to 25. (The Star Online, Malaysia)
Voters Picking President, Fixes for Economy Nov 4, 2008
He would eliminate income taxes for senior citizens with less than $50,000 in income, boost the capital gains tax rate to 20% from 15% for people making more than $250,000, extend a patch on the Alternative Minimum Tax and lift the cap on the Social Security payroll tax. McCain, meanwhile, would make the Bush tax cuts permanent, cut the corporate, capital-gains and estate tax rates, repeal the alternative minimum tax, and create a new tax credit to allow people to purchase health care. (SmartMoney)
Fact Check: The myths that wouldn't go away Nov 4, 2008
Not your capital gains tax. THE FACTS: Not quite. (San Diego Union-Tribune)
Foreclosed condos create fee-collection trouble Nov 3, 2008
Otherwise, you will have to pay capital gains tax on any profit you make, unless you either hang on to the house as a long-term investment or do a 1031 (Starker) exchange. Benny L. Kass is a practicing attorney in Washington, D.C., and Maryland. (San Francisco Chronicle -- Business)
A movable Election Day Nov 3, 2008
Orion wrote on Nov 2, 2008 3:26 PM:" I dont have to prove a thing to you Goldie or anyone else, Believe what you want but I state for a fact I have always been a Democrat. My decision this time is based on Obama taxing of anyone of 250,000.00 or more. Anyone knows you dont tax in a ression. All that is going to do is cost loss of jobs, because to make up what the employer is going to be taxed, he is going to lay off however many people it takes to cover it. And another thing, Capital Gains Tax.... (Montana Standard, MT)
Why the markets should be barracking for Obama Nov 3, 2008
By default, the next phase of the attack is therefore direct fiscal stimulus, for the US housing market, and for jobs, and the Democrats are best placed to deliver it: Obama has talked about a $US190 billion ($280 billion) mix of tax rebates, loan guarantees, infrastructure spending and employment credits, larger than the Bush Administration's original $US168 billion package earlier this year, and three times bigger than the $US52 billion combination of tax cuts, including a temporary cut in... (Sydney Morning Herald -- Business)
Put extra cash into mutual fund, not mortgage (10) Nov 3, 2008
Unless you lived there for two out of the last five years as your primary residence (as the owner of the property), you would owe long-term federal capital gains tax on the $102,500 plus applicable state tax. At 15 percent, you'd pay $15,375 plus any applicable state tax. (Lodi News Sentinel, CA)
Obama: I Will Bankrupt Coal Industry Nov 3, 2008
Obama would increase the capital gains tax, even if it means less revenue to the government, for the sake of "fairness." Obama thinks everyone should have the same; even if some work a lot harder than others. No one should be denied anything just because they can't pay for it. (Newsmax)
Letter: Before voting: Look past rhetoric to real issues Nov 2, 2008
" The fact that they don't pay taxes is much more than likely due to the fact that the vast majority of small businesses FAIL, or they make so little money after costs & salaries are paid that they end up not oweing any taxes. Don't believe me? Ask the chamber of commerce. Better yet, ask the owner of a small business or talk to a CPA. What group is the largest employer of people? Hint: Small businesses. Trickle down doesn't work? What?! If that is so, then why give people a tax break at all?... (Montana Standard, MT)
Reporting IRA withdrawals Nov 2, 2008
If the stocks and funds would all generate a capital gains tax bill upon sale, compare that tax with the income tax generated by withdrawing money from your IRA or annuity accounts. Last, but not least, I'll ask you the same question I ask others about to buy a second home -- are you sure you want to do this. (Casper Star-Tribune, WY)
McCaul, Doherty face off in election Nov 1, 2008
Specifically, McCaul said he sponsored alternative legislation which would have limited federal backing from high risk loans and supports suspending the Capital Gains tax allowing private capital from the sidelines to be invested in the economy ... Suspending the Capital Gains tax would spur a huge amount of investment, McCaul said. (Sealy News, TX)
Obama's New Tax Welfare Nov 1, 2008
--Obama proposes to increase the capital gains tax rate by 33. --Obama proposes to increase the tax rate on dividends by 33. (Townhall.com)
Bailout could affect House races Nov 1, 2008
Congress should have suspended the capital gains tax to spur investment in the economy, halted mark-to-market accounting gimmicks, and put Freddie Mac and Fannie Mae on the road to becoming private entities ... Lord said he does not want to raise capital gains taxes, worrying about their economic impact. (Phoenix Business Journal, AZ)
WEB EXCLUSIVE: At CJN election forum, Lingle, Cardin debate issues, candidates Nov 1, 2008
Also harmful to business is Obama s proposal to raise the capital gains tax, which McCain wants to cut. McCain also wants to phase out and eliminate the alternative minimum income tax, lower the corporate tax rate, and ban Internet and new cell phone taxes, Lingle noted. (Cleveland Jewish News, OH)
Bernanke's last reel Oct 31, 2008
The least-productive initiatives would be exactly what has most been produced by the Congress and the government, and what is most advocated and debated in the campaign - dividend and capital gains tax cuts, corporate tax cuts, and accelerated depreciation for corporate investment. Maybe, if government policies had been along these lines in the first place, people would not have had to borrow their destinies into crazy bubbles just to live the American dream. (Asia Times Online)
LETTERS: NCT, Oct. 30, 2008 Oct 31, 2008
He will not discourage investment by increasing the capital gains tax, thus taking money out of circulation and killing potential jobs. He does not advocate redistribution of wealth. (North County Times)
Ask the experts Oct 31, 2008
The capital growth of the investment will attract capital gains tax of around 10 percent of your growth. Your second option will be to transfer your investment to a RA or a preservation fund. (iAfrica.com)
A Disturbing Look At a Very Near Future: Tax Cuts Vs More Spending at the Special Session Oct 31, 2008
Spurring Economic Growth: Immediately suspend the capital gains tax on individuals and businesses for equities purchased during the next two years. Encouraging American Companies to Assist in Recovery: Lower the tax rate on business income so American companies have an incentive to invest in distressed assets. (Human Events Online)
America at a fork in the road Oct 31, 2008
He intends to extend the Bush tax cuts beyond 2010, to cut the corporate tax rate and to change the capital gains tax. He is offering the uninsured a $US5000 tax credit to take out private health care. (Sydney Morning Herald -- World)
//: • Stocks Pay Price Of Coming Tax Increases Oct 31, 2008
The then-Republican Congress and President Bush reduced the capital gains tax to 15% from 20% and the tax on dividends to 15% from 35 ... Microsoft stock is worth less if you attach the boat anchor of higher capital gains taxes, higher corporate income taxes and higher dividend taxes ... You can enter the size of your 401(k), and it will calculate its value under four different scenarios: if Obama's tax increases pass; if McCain's tax cuts are enacted; if Congress' plans are enacted; and if... (Investors Business Daily)
Investors Divided On President Despite Obama's Tax-Hike Plans Oct 31, 2008
During a primary debate, he said he'd raise capital gains tax rates even if that lowered tax revenue as a matter of fairness. But more recently Obama said he'd only increase them to 20% from 15. (Investors Business Daily)
Taxing Times Oct 30, 2008
Jack up the capital gains tax rate in the United States and more Americans can be expected to send their capital elsewhere. That means sending jobs elsewhere, so that even people with no capital to invest lose employment opportunities. (Townhall.com)
The Strange World of the Stump Speech Oct 30, 2008
He is talking about capital gains tax rates, business taxes and government spending. Obama is also focused on the economic crisis, but because he is now campaigning mainly in red states, he adds a few touches of cultural conservatism -- the need for educational "accountability" and parental responsibility. (Townhall.com)
Obama goes prime-time; McCain goes after Obama Oct 30, 2008
Illini boy wrote on Oct 29, 2008 10:02 PM:" Truly unbelievable that Obama has half this country fooled. Anyone with an ounce of common sense understands that his promise of lowering taxes does not wash. He has voted to raise taxes 100% of the time he has had the chance, 94 out of 94 times. His increases on Corporate taxes and capital gains tax will result in 100% of the people paying more for every single thing they buy which is an increase on everyone. His 900 billion in spending and increased... (The Pantagraph newspaper)
Economy of country fascinating subject--David France Oct 30, 2008
Do you know how changes in the capital gains tax rate, the differences between taxes on public corporations, private (subchapter S) corporations, and nonincorporated businesses affect you. As well as the changes in Dow Industrials and Sages at the end of the day, there are other important statistics such as the stock up-volume and stock down-volume in sales that could be even more important. (Chetek Alert, WI)
Support United Way Oct 30, 2008
Anyone who has followed Obama s run for the presidency will note his staunch advocacy for raising the capital gains tax as well as increasing taxes on families earning more than 250,000 ... Increasing the capital gains tax will wreak havoc not only on companies that employ millions across America, but also on unsuspecting investors such as retirees, suburbanite parents and small time business owners. (Longview Daily News, WA)
Obama tax hikes could hit up to 1.3 million small businesses Oct 30, 2008
5 percent, two-year reduction in the capital gains tax. The McCain campaign and some small businesses say Obama s tax increases on higher incomes are just the beginning of spending plans that will prompt future tax increases on those outside the affluent categories. (Phoenix Business Journal, AZ)
11 comments Oct 30, 2008
For his part, Graves is relentless in pushing for a massive overhaul of the Community Reinvestment Act (CRA) of 1977 that launched the proliferation of sub-prime lending and for rolling back the capital gains tax. As he put it, To get out of this mess, let s do stuff that really works. (Human Events Online)
Mission accomplished Oct 30, 2008
3 billion of cash for AGL (there is a capital gains tax impost estimated at about $250 million on the QGC sale) will leave AGL with net cash and tremendous balance sheet flexibility at a moment where cash and balance sheet capacity is as valuable as it has been in a decade and a half. The sale of its two remaining big non-core assets effectively completes the balance sheet clean-up program Fraser has overseen since the abrupt departure of his predecessor, Paul Anthony, a year ago. (Business Spectator)
AGL Energy Agrees to $800 Million Sale of Papua New Guinea Oil, Gas Assets Oct 30, 2008
No capital gains tax will be payable on the sale proceeds either in Papua New Guinea or Australia, AGL said. Details of the sale and of the effect on expected earnings in the year ending June 30, 2009, will be released when the sale is completed, expected in mid-December, AGL said. (Bloomberg -- Australia & New Zealand)
Read Sean Hannity's interview Oct 29, 2008
J. MCCAIN: Jack Kennedy came to office and said cut the capital gains tax, they did and revenues increased. Now Senator Obama, talking to Charlie Gibson, Charlie Gibson said, why would you want to raise capital gains taxes. (Fox News)
Obama and Wall Street Fears Oct 29, 2008
Investors in the stock market that are wealthy enough to be subject to large capital gains taxes from investments made over the past decade are not waiting around for Obama's increases ... Obama's Capital Gains Tax Threats. (Suite101.com)
