President's released budget would spell higher taxes for middle and ...

The president?s proposed budget would assume the 2001/2003 Bush era tax cuts would expire next year, and qualfied dividneds and capital gains would once again be taxed at ordinary income rates,? This will have a significant effect on the invvestment markets as well as investors, especially those in the middle class who would see an almost instant deprciation of their equity assets, while imposing a significant tax increase, making saving for retirement that much more difficult,? an income tax software?like TaxMode income tax calculator is only effective at projcting current income tax exposure.?? ExecPlan Express personal financial planning software, unlike simple retirement planning software, will allow you to look at long temr net worth projections assuming either the continuation of the current tax law, or the proposed ending of the Bush era tax cuts.

Source: http://www.execplanexpress.com/blog/index.php/financial-planning/presidents-released-budget-spell-higher-taxes-middle-upper-income-investors/

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