Obama tax increase to hit seniors the hardest?

Couple paying the bills

Perhaps so, according to this article in the on-line publication "Remapping Debate." The article looks at the various sides of the debate, but notes that seniors could be disproportionately hurt because so many retired people depend on dividends to supplement social security, pensions,  401Ks or whatnot. This could be so, because Obama's tax proposal would raise the tax on dividends to 20 percent, from 15 percent. You can look at it as just a five-percentage point increase or a 33 percent increase.  

Filed under: Politics, Taxation

Tags: politics, taxes

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