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[quote=jsteele][quote=Anonymous]I didn't say you said that.  Did you read the Fact Check column?  I am not a Republican, and I think Obama is making a significant error to not suggest increasing the tax rate for investment income.  He will let the tax cut for families making over $250k expire?  Fine.  But eliminate or greatly reduce deductions for them also, while not raising the 15% tax rate on investments?  That penalizes people who work for their income while letting the genuinely wealthy off the hook, doesn't it?  One hardly needs to be a Republican to find this puzzling![/quote]

I did read the Fact Check column. I suspect that someone who knows a lot more about taxes than I do will write a rebuttal that completely shreds that column. I say that because I noticed significant errors and I am far from an expert. My understanding is that Obama is proposing a minimum tax for millionaires. It won't' matter what the source of their income is, if they make a million dollars, they will have a minimum tax. That means that capital gains are still attractive to those making less than a million dollars. But, if it is the only source of income for a millionaire, they will be subject to a minimum tax that will increase their effective rate to something more than 15%.  It seems like a reasonable idea. Too bad it will never be enacted.
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