You Only Think The Housing Market Is Bad.....

Posted 2007-04-30 00:25
by Karl Denninger

If the Democrats get the White House in '08 - and, by the way, I expect they've got a damn good shot at it, much to my chagrin, this is what you're looking at:

"By this I mean that if Mr. Rangel and his Democratic colleagues in the House have their way, the quarter-century era of falling tax rates in the U.S. may finally come to an end."

Some details....

Top AMT rate would go to 31.5% from 28%. Capital Gains would go from 15% to 31%. The top two federal marginal tax rates are likely to be as high as 50% to make up the rest.

The top 1% of earners already pay 35% of the federal taxes. This would raise that to about 40%.

It would also destroy the bull market in equities.

When people say "elections matter", this is what they're talking about.

Discuss this entry (registration required to post)

Main Navigation

Full-Text Search & Archives

Archive Access

Blogtalk 3:30 CT Mondays

Items To Look At

Discuss The Capital Markets along with daily technical analysis with our Gold Donor program.

Where We Are, Where We're Heading (2012) - The annual 2012 Ticker

Links and Blogroll

Our policy on reciprocal links: Send us an email with your information and why you think your blog or news site would make a good addition - in most cases reciprocal link requests will be granted.

Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Looking for "The Best of Market Ticker"? Check out Ticker Classics.

Visit the forum to discuss this and other investing-related topics; see the FAQ on the forum for information about Gold Donor status including access to our technical analysis video server.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

Market Ticker content may be reproduced or excerpted online provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media.