The Obama Administration yesterday backed down from its plan to tax the earnings on 529 savings accounts, a kind of saving account for higher education under section 529 of the tax code. At Bloomberg, Richard Rubin and...
- Video: Scott Hodge on CNBC: Are Capital Gains Taxes Going...
Video: Scott Hodge on CNBC: Are Capital Gains Taxes Going to Rise?
Tax Foundation President Scott Hodge appeared on CNBC's "Street Signs" on July 8, 2010 to debate whether the capital gains tax rate's possible increase from 15% to 20% would be too high. With the new 3.8% investment tax on high-income earners that was part of health care reform, the rate would be 23.8%.
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