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5.4% tax surcharge on rich in House Health Care Bill would apply to capital gains & dividends
Howard Richman, 1/6/2010
On November 12, the Wall Street Journal reported that the version of the Health Care bill that passed the House would result in a 69% hike in the capital gains tax rate because it would apply to adjusted gross income (which includes dividend and capital gains income) and would coincide with the capital gains rate automatically going up from 15% to 20% with the expiration of the Bush tax cuts in January 2011.
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