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
17 cool gadgets that tease the future Smart telescopes, surveillance for dogs, an electric roadster and more from CES 2018. More
These 12 airplane beds let you really sleep on a flight For the price of a premium class ticket, you may just get a space that's comfortable, private, and quiet enough to ensure a good rest. More
CES 2018 kicks off with oddball gadgets The biggest tech show of the year opened with a collection of quirky gadgets. More

Special Offer