Long term capital gain tax goes from 15% to 20%. Big deal.
Certain filers with incomes over $200,000 pay a special 3.8% Medicare tax on
certain investment income. Big deal.
No more qualified dividends. Hence dividend tax rates rise at most (and
depending on one's bracket) from 0% to 28%. The 28% is a marginal rate. The
first portion yada of one's income is first taxed at 15%.
Most everyone has health insurance: Potentially a bargain for companies who need
healthy workers to crank out the product that produces corporate earnings that
pay my dividend.
I have been taking gains and re-balancing throughout this year, because tax
rates are likely to rise, and a few hundred dollars extra here and there is a
lot of nice lunches with buddies in the coming years. Yet I have three more
positions I would like to sell and if I don't sell them, it's not a big deal.
They're still long-term positions.
marketing/media/politico-spinner type. The changes that are happening are
minuscule in my opinion. At worst, they result in tax rates comparable to recent
Ben Bernanke first used this metaphor in his Feb 2012 report before Congress.
I agree it is a rather strong metaphor.
======================================= MODERATOR'S COMMENT:
sorry for the delay in approving this...