Capital Gains Tax is currently broken down into 2 levels; short term which is less than a year and long term investments. The short term is currently at 28%, if I recall correctly, and the long term that would affect 401K programs, long term stock investments in companies is at 15%. The middle class and lower class are the ones with the 410K and other employee options like stocks. THEN if these people decide to sell their homes at retirement that is also Capital Gains.

My parents home has increased in value by 4 times the amount they bought it for back in "68". Middle class factory workers that would get screwed by this plan.

Have a good one!:s4: