Posted on 05/28/2010 8:53:13 AM PDT by Andrea19
...The extenders bill raises the tax rate the general partner pays on capital gains (either from the sale of the ownership interest, or the sale of partnership investment assets) from 15 percent today to 38.5 percent in 2013. This is done by requiring three-fourths of the capital gain to be taxed at ordinary income tax rates. Both the capital gain and ordinary tax rates are scheduled to rise in 2011 under the Congressional Democrat and Obama budgets. Additionally, Obamacare imposes an investment surtax of 3.8 percent in 2013...
(Excerpt) Read more at atr.org ...
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