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Friday, November 6, 2009

THE RETURN OF THE INFLATION TAX -- Review & Outlook


The Pelosi tax surcharge applies to capital gains and dividends

All of those twentysomethings who voted for Barack Obama last year are about to experience the change they haven't been waiting for: the return of income tax bracket creep. Buried in Nancy Pelosi's health-care bill is a provision that will partially repeal tax indexing for inflation, meaning that as their earnings rise

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