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USA | Looks to me like the stock market could to take a hit before the end of 2010. because of capital gain tax rate that expires by the end of the year. Zero tax rate for those in the 15% tax bracket, 15% for the rest.
According to this link, a single person could have up to $32,000 of earned income, married couple up to $67,000 and qualify for 0 capital gain tax rate. http://www.savewealth.com/taxes/rates/2009/jointmarried/
Wonder if this also might cause some people to think about selling farm ground befor the end of 2010, if they have a very low basis in the property.
If the Obama administration, let the Bush tax cuts expire, majority of the folks that elected him to office are going to face a larger tax increase, than the those who didn't support him. http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States
Edited by coup 12/26/2009 10:21
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Do ya think Banks are gonna implode now?
