Well, the President is at it again.  He wants to propose capital gains taxes on the wealthy and take the savings to increase tax breaks for the middle class.  He and the democratic Congress did this a few years ago, and now wants to do it again.  See the article from Accounting Today by Richard Rubin and Margaret Taley Bloomberg for more details:

http://www.accountingtoday.com/news/government-news/obama-proposes-tax-increases-on-wealthy-to-aid-middle-class-73356-1.html

The most annoying part of this is the taxability of some inherited assets that are now exempt by the estate tax exclusion.  Why does every Presidential Proclamation have to do with tax increases – why can’t it have more to do with overall overhaul of the tax code to make it simpler and making more sense than adding more code pages and loopholes.  It is like taking a battleship (big, slow moving) and putting butterfly wings on it (Ttat just won’t fly anymore!)

    For financial,  accounting and tax musings,