Obama’s Tax Increases
*Higher Income Tax Rates on the Highest Two Brackets.
*Higher Tax Rate on Capital Gains.
*Phaseout of personal exemptions and itemized deductions. Why does Obama hate Charities?
*Eliminating LIFO Inventory Valuation Method so nominal gains on inventory due to inflation gets taxed.
*Higher Corporate tax rates. We’re already about the highest in the world
Of course all of this will lead to stagnation at the same time Obamanomics is bringing life to the inflation monster.
Back to the 70’s with stagflation.
