"If you like paying FAT taxes into Obamanomics' penalties for short term capital gains...."
Nothing has chnanged for the coming tax year. So short term gains still taxed at your tax bracket rate, which was reduced one year ago for singles making up to 200K, 250K for couples,
Proposed increase from 15% to 20% for LT capital gains likely won't apply to 2010 tax year. In any case that was the rate during the Clinton years. Rate was reduced to 15% in 2003.
Compare the performance of the stock market, new job creaton and overall economic perfromance with the higher Clinton rate to that of the Bush years. Facts are stubborn things!
Capital Gains Tax Rates
Short-term capital gains (STCG) One year or less Ordinary income tax rates up to 35%
Long-term capital gains (LTCG) More than one year 5% for taxpayers in the 10% and 15% tax brackets (zero percent starting in 2008)
15% for taxpayers in the 25%, 28%, 33%, and 35% tax brackets
