In Accounting Today, Michael Cohn's "Rockefeller Proposes Eliminating Tax Breaks For the Wealthy" describes Sen. Rockefeller's ideas for raising taxes on the wealthy. Among his proposals are a return of capital gains tax to 28% and a slightly higher income tax bracket for people earning over $1,000,000 annually.
Posted by Michael Nissenbaum, Associate Editor, Wealth Strategies Journal.
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