Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
GET INVOLVED
ATR ON TWITTER
FOLLOW US-
The Education and Workforce Committee holds hearing on NLRB "Recess" Appointments http://t.co/2ED4u4t8
February 08, 2012 03:47 PM
taxreformer -
Senate Highway Bill Violates Taxpayer Protection Pledge http://t.co/z7IETuQT
February 08, 2012 11:02 AM
taxreformer -
OK Gov. Mary Fallin Releases Bold Tax Reform Plan http://t.co/oRPWYGKb
February 07, 2012 06:02 PM
taxreformer -
Senator Hatch looks to improve the Senate's Highway Bill http://t.co/rOZQENlQ
February 07, 2012 04:47 PM
taxreformer -
Senator Hatch tries to make a bad bill better http://t.co/F6VYT9NI
February 07, 2012 03:32 PM
taxreformer -
ATR Opposes Retroactive Tax Hikes http://t.co/XX2lRMyH
February 07, 2012 11:02 AM
taxreformer -
Has your Governor Issued a Proclamation Honoring Ronald Reagan on Feb 6th ? http://t.co/bHatxoTg
February 06, 2012 05:16 PM
taxreformer -
RT @timothy_stanley: Just interviewed @GroverNorquist. Flipped my view of the recession/election: recovery due to stopping Obama tax hik ...
February 06, 2012 04:46 PM
timothy_stanley -
RT @GroverNorquist: Reagan Birthday proclamations by 34 Governors, both R and D (Utah & Nevada just joined) 16 bitter D Govs fail test o ...
February 06, 2012 04:45 PM
GroverNorquist -
CoGC: House Republicans Lead on Budget Honesty http://t.co/wHJpzOC1
February 06, 2012 03:31 PM
taxreformer
Email
PrintObamacare's 24 Percent Cap Gains Tax
The actual legislative language of the House Democrat reconciliation bill was released this afternoon.
Keep in mind that this is not the "deemed" bill which passed the Senate already. If the reconciliation bill passes the House, the Senate bill becomes law.
At that point, the House and Senate will start working on an "improvement" to the Senate healthcare bill from December (which would now be law).
The reconciliation language includes a 3.8 percent surtax on "unearned income," which includes capital gains.
The capital gains rate is already set to rise from 15 to 20 percent in 2011.
This surtax would result in a capital gains rate of 23.8 percent in 2014.
A 24 percent capital gains tax rate is an economy killer.
