Replies to Msg. #899340
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 Msg. #  Subject Posted by    Board    Date   
03453 Re: A 'Five Fold' INCREASE in Capital Gains Taxes?
   The Cato institute is not a reputable source.
joe-taylor   FFFT3   17 Oct 2014
11:01 PM
03443 Re: A 'Five Fold' INCREASE in Capital Gains Taxes?
   All the right wing links one can take in a day. Cato institute now? Re...
zzstar   FFFT3   17 Oct 2014
6:42 PM

The above list shows replies to the following message:

A 'Five Fold' INCREASE in Capital Gains Taxes?

By: Zimbler0 in FFFT3
Fri, 17 Oct 14 5:37 PM
Msg. 03437 of 65535
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A 'Five Fold' INCREASE in Capital Gains Taxes?
After a cut in the Capital Gains Tax Rate?
This article is worth studying.
Zim.

>>>

http://www.cato.org/publications/commentary/who-gave-us-surplus

. . .
The remaining part of the budget surplus, about $300 billion over the earlier Clinton-Gore estimates, came from an unexpected increase in tax revenues. These unexpected tax revenues came primarily from increased payroll receipts, a surge in tax receipts from the elderly withdrawing money from their IRAs, and an approximately fivefold increase in capital gains tax receipts, despite (and in truth, because of) a drop in the capital gains tax rate which the Republicans had pushed.

>>>

(Most of the article was stopped. Go to the Link. Zim.)




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