The Democrats controlling the House and Senate are lining up to support hefty tax increases in the midst of an economic downturn. Most increases under consideration would go into effect next year. Capital gains will have a “Medicare” tax. The top rate will exceed 40%....
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
tax rate increase
House set to Raise Taxes to 45%
House Democrats agreed yesterday to raise taxes on the wealthy to pay for more government control of the nation’s health-care system, proposing a surtax that would send the top federal tax rate toward 45 percent. The top federal tax rate currently stands at 35...
