President Obama Focuses on Estate and Capital Gains Taxes
Does the current economic climate leave your head spinning, wondering how tax and budget changes will affect you and your family? Do you ever wonder how our country got into the financial mess it is in, or why?
President Obama, in the budget recently proposed to Congress, targeted two specific tax items: estate taxes and capital gains taxes. The proposed estate tax changes target mainly more affluent people with larger estates, while capital gains tax reforms mostly impact wage earners. The taxes are still up for debate, you can be sure there are changes coming, some ...