Remember Horatio Alger
Tax filing day has passed and for those earning more than $200,000 and households earning more than $250,000 it will likely be the end of lower taxes. My thoughts on this in a Reuters news story:
What will this mean for those aspiring to achieve success and wealth, and perhaps more importantly, to the entrepreneurial spirit and the Horatio Alger story that has been so instrumental to the U.S. economy?
You can read more of thoughts on the Tax Bill of 2010 in my message to investors here.
"...to marshal more venture capital for more new industries -- the kind of efforts that begin with a couple of partners setting out to create and develop a new product -- we intend to lower the maximum capital gains tax rate."
"The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital from static to more dynamic situations, the ease or difficulty experienced in new ventures in obtaining capital, and thereby the strength and potential for growth of the economy."