President Obama’s proposed budget for fiscal year 2016 includes measures that would increase the capital gains tax on profitable investments to 28%. Obama also wants to put a cap on tax-advantaged retirement accounts like 401k and IRA plans. What’s more, he wants to introduce the Buffett Rule, which requires a 30% minimum federal tax rate for wealthy Americans.
If you believe individuals who save for retirement should be rewarded instead of punished, Like and Share this post today. Together, we can make a difference.