Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

6 of 22
BACKNEXT
Taxing Wealth
Taxing Wealth
Obama wants to make the tax code more progressive.

· Tax carried interest as ordinary income rather than as an investment gain, thereby subjecting it to much higher tax rates than 15%.

· Freeze the exemption amount of estates free from the estate tax at $3.5 million -- where it will be in 2009.

· Freeze top estate tax rate at 45%.

· Raise capital gains and dividend tax rates to 20% from 15% for couples making more than $250,000 and singles making more than $200,000.

"We've lost the balance between work and wealth. I will close the carried interest loophole, and adjust the top dividends and capital gains rate..." -- Obama*


NEXT: Fighting Foreclosure
Last updated November 06 2008: 11:36 AM ET
Source: *Sept. 18, 2007, Speech, Washington, D.C.
More Galleries
Google's logos through the years Google changed its logo for the fifth time in 17 years this week. Here's what the old ones looked like. More
How much you should have saved for retirement right now Joe is 50 years old and makes $70,000 a year. He should already have $364,000 saved for retirement. Are you on track? More
The stock market's wild week in 6 pictures It was the wildest week in stocks in recent memory. Here's photos and CNNMoney's tweets of reactions to the panicked selling on Monday and Tuesday, which gave way to a mad buying scramble on Wednesday and Thursday. And then...a selloff on Friday again. More

Special Offer