Well Described Above...But Don't Hold Your Breath
Notwithstanding the various accusations of Obama's tax plan, he has said and the non-partisan experts who have reviewed the plans say the same thing...
Unless you have annual income of greater than $250,000 per year you won't pay any additional capitals gains taxes or taxes on dividends from tneir current levels. And unless your estate is $3.5 million or more, you won't see a change in estate taxes. (Oops! Sorry. You won't see them under any circumstances.)
In addition, if your taxable income is less than $250,000, you will see a tax cut.
Given that well-documented summary, my personal opinion is that neither of the candidates is going to be able to cut taxes because of our hugely unbalanced budget and the massive national debt. Those problems can't be fixed with spending cuts alone, particulalrly when the country faces the extraordinary costs of fixing Social Security and Medicare and re-building the armed forces after they come back from wherever they're fighting.
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