Investment taxes could increase under a Senate revenue plan

07/24/2011 | InvestmentNews (free registration)

A bipartisan proposal in the Senate could lead to higher taxes on capital gains and dividends as a way to increase government revenue. The plan calls for lower income tax rates, which would necessitate higher taxes on investments, tax experts say. "You cut marginal tax rates and you still want to have a progressive tax system, you have to tax capital gains," public affairs professor Leonard Burman said.

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