Market 99 Ltd (fka MNTY)

[crymeariver]

Here's the real rub. If Hillary Wide Ride gets elected with a Dem house and senate, they can pass new tax in 2008, so in 2009 you will owe retroactive back to the date the bill is passed. So if you paid at the old rate in April 2008, you will owe more for 2008, when you file in 2009. This is what Bill did in 2001 with a Dem house and senate. After he came into office in 92 we owed a bout load more tax, even though we had already filed and paid! So this year capital gains are 15%, Hillary has said she wants the old higher rate back and may go as high as 28%. If the house and Senate pass an increase after the elections, then in 2009 you will owe an additional 13% based on 28%. Nice ain't it. So this year may be the last year for Capital gains at 15%. That's just one part of what they want. She wants the cap removed from social security tax, wants to tax retirement income as earned income at the new higher rate, put a 4% surcharge on income over $150,000 for single and $200,000 for couples that's on top of the new rates! Plus let all the Bush tax cuts expire, and require everyone to buy single carrier health care, even if you are young and really don't need health insurance! Man she would be bad!