The new Capital Gains Tax could be up to 59% in some states.

[Louis Walker]

I’m hearing this new CGR could be a very bad thing. I’m not discouraged, but would like to get some guidance on how to maneuver it so that I can help my wife (and myself) purchase with confidence.

[Dave G.]

@Louis Walker you've asked for guidance on how to maneuver it. My response is don't vote in representation that is pro-taxes. 

I think this would be terrible for multiple reasons. It effectively would double the CGR for folks at that income level from 20%. There are many scenarios where this could affect very middle class people, not "rich" people. And I don't believe it has an inflation adjustment attached to the $1M threshold. 10 years from now the $1M will be worth a lot less, yet we're still taxed at ~40%. BS.