It may have seemed like a slow news day with a couple Presidential Primaries, the Dow Jones Industrial Average down just 10.99, and no updates to be found about Britney Spears. Unfortunately, some frightening data came forward today that will add pressure to Fence Installers and other construction services around the country.
1. Bush tax cuts will not become permanent and will expire.
2. Capital Gains taxes will rise from the current 15% to 28% or beyond on your investments.
3. Death Tax Law will likely become increasingly confiscatory with the current allowance of 3.5 million most likely reduced. Currently, 22,0000 families are penalized each year - many are family businesses. Large Corporations are not affected and will only gain the additional advantage of buying more small business at give away prices. (More on Obama's tax plan)