Following Obama Could Kill Your Business
Today the U.S. capital gains rate stands at 15%. That means if you sell a business that you've owned for more than a year, you owe the government 15% in taxes -- $150,000 on a $1,000,000 sale. Obama wants to raise that to as much as 28%, though. So to net the same amount with a 28% rate as you do with a 15% rate, you'd have to ... Keep reading »
