Federal and State Tax Increases on Entrepreneur Capital Gains Effective January 2013

Jason Lemkin discusses significant tax increases on entrepreneurs and founders effective January 1, 2013, including a 42.7% overall increase in taxes on capital gains and the introduction of a 3.8% investment tax. In California, long-term capital gains taxes are projected to rise from 25.3% to 36.1%, while short-term gains from exercised stock options will face higher taxation than ordinary income for some taxpayers.