Long-term Capital Gains Tax Rates May Be Increasing. Business Owners Should Consider the Potential Impact.
According to Fortune Magazine1, Democratic presidential candidate Barack Obama “would increase the 15 percent capital gains tax rate – probably to 25 percent, according to advisors.” Others suggest Obama may raise the federal long-term capital gains rate to as high as 28 percent and that this change could be retroactive to January 1, 2009.
