Are Capital Gain Tax Rates Going Up in 2009?

We don't think so. 

President-Elect Obama will be taking office next month.  He has made it very clear that he intends to increase capital gain tax rates for married couples with adjusted gross income over $250,000 and single filers with adjusted gross income over $200,000.

Recession is Too Deep

But, we think that the recession is too deep and will force any increase in the capital gain tax rates to take a back seat to efforts to stimulate the economy.  It has to.  A tax increase now could be disastrous.  So, we think that any capital gain tax rate increase will get pushed out to 2010 or more likely 2011.  It all depends on the economy.