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:
Psycho4Bud Reviewed by Psycho4Bud on . Obama Tax Plan Stresses Inequality, Clinton Focuses on Behavior March 13 (Bloomberg) -- Hillary Clinton and Barack Obama both propose significant changes to the tax code that would add to its complexity. His plan emphasizes income inequality, while hers seeks to change Americans' behavior. Obama's proposal would shift the tax burden toward the rich from low- and middle-income workers. Clinton proposes targeted tax breaks designed to change the way Americans use energy, save money and care for elders. Obama, 46, ``seems to have focused on Rating: 5