Your dividend taxes are going up
From the Wall Street Journal:
As the big tax increase day of January 1, 2011 approaches, the Democrats running Congress are beginning to lay out their priorities. Get ready for bigger rate increases than previously advertised.
Last week the Senate Budget Committee passed a fiscal 2011 budget resolution that includes an increase in the top tax rate on dividends to 39.6% from the current 15%—a 164% increase. This blows past the 20% rate that President Obama proposed in his 2011 budget and which his economic advisers promised on these pages in 2008.
Understanding Russ Feingold
Actually, I’m not sure that understanding Russ Feingold is completely possible. But I would like to understand how he got reelected by such a wide margin in 2004. Levnik Lad recently said ”I cannot help but think that there are a whole bunch of people out there scratching there heads wondering how on God’s green …