Barak Obama as part of his “Tax Fairness of the Middle Class” wants to raise the capital gains rate from 15 to 28%. The last time the government did something so rash was 1986 and look what happened. This would be a nail in the coffin for real estate, not to mention the economy and the stock market. Think about his – if this is about fairness for the middle class, is Obama saying that anyone who owns investment real estate is a rich person?
February 3, 2023