From Snoopes.com:
"The notion that Senator Obama is proposing raising the tax rate on dividend income from its current 15% level to a 39.6% is unfounded. Obama has proposed taxing dividends at the same rate as capital gains, and although he hasn't yet specified a figure for the latter, he has already stated (as noted above) that he "certainly would not go above" 28%. Also, the proposed increase would only affect households with income of more than $250,000 per year (a figure that encompasses about 2% of U.S. households.)"
The scary part of this statement is "although he hasn't yet specified a figure for the latter". Remember 1992 and Bill Clinton pledging not to raise taxes and then, within 6 months of taking office, he implemented the largest tax increase in American history. If Obama is elected I'm sure of 2 things. Clintons tax increase will become the second largest in history and Jimmy Carter will no longer be the worse President we've ever had.
