Obama Targets Raise In Capital Gains

February 27th, 2009 categories: For Sellers, Rants & Riffs

Hang on to your wallet! Newsmax.com has an article that outlines all of the proposed tax increases our new President is proposing in his new budget. Owners of Honolulu real estate should be most concerned with a proposed increase in the capital gains tax.

“Tax rates on capital gains and dividends will rise to 20 percent for top earners, up from the 15 percent rate set by former President George W. Bush in 2003.”
CLICK HERE TO READ THE NEWSMAX ARTICLE

If you are thinking about selling your Oahu investment house or condo, then you might want to get it sold before this new budget is passed by congress. The cynic in me is concerned that the Washington pocket pickers are going to make it retroactive and that it is already too late.

If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.

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