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Keyword: capitalgains

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  • Why Bush Is Worth $4.6 Trillion to the Economy

    09/16/2004 11:37:38 AM PDT · by NedWilliams · 12 replies · 393+ views
    9/16/04 | NedWilliams
    If Kerry is elected, stocks should drop by 6%, or $1.2 trillion, since the yield on securities drops from 85% to 80%, other factors remaining equal. If Bush is elected, stocks rise by 17%, or $3.4 trillion, since yield increases to 100% from 85%. Difference between candidates is $4.6 trillion. However, to compensate for the lost $100-150 billion per year in tax revenues, Bush's plan should include a one-time capital gains tax on all capital appreciation prior to the 0% rate date. This $1 trillion in revenues could be paid over 4 years, wiping out the annual deficit. It opens...
  • Tax reform: taxing bulls, taming bears

    11/04/2003 6:34:24 AM PST · by ancientart · 6 replies · 188+ views
    Aberdeen American News ^ | November 4, 2003 | Art Marmorstein
    It is a much-noted irony in American society that many of those whose work we value the most (e.g., teachers, nurses, moms) are paid much less than those whose services are (in the great scheme of things) not nearly as important. Greta Van Susteren is worth $900,000 a year? Levar Arrington deserves $10,000,000 just for signing a contract? Time Warner chairman Steve Case deserves $72,000,000 for running his company into the ground? As even the most committed of laissez-faire economists will admit, the capitalist system often produces a distribution of wealth that has very little to do with merit. Theodore...

    05/07/2003 12:01:51 PM PDT · by bruinbirdman · 10 replies · 429+ views
    It is a mystery why the Bush administration continues to press for full elimination of taxes on dividends when it has been clear for weeks that this is untenable, given the limited amount of revenue available under the congressional budget resolution, says Bruce Bartlett. By continuing to press for its plan -- no matter how stupidly it is implemented, perhaps with long phase-ins and a sunset provision -- it reduces the chances of enacting good supply-side tax measures such as those proposed by Ways and Means Committee Chairman Bill Thomas (R-Calif.). The Thomas plan calls for: o Cutting the tax...
  • Forward to the Tax Frontier

    04/20/2003 6:30:04 AM PDT · by ReleaseTheHounds · 4 replies · 219+ views
    The Washington Times ^ | 4-20-2003 | Lawrence Kudlow
    <p>Twelve years ago, after the first U.S. victory in the Gulf, President George H.W. Bush was unwilling to invest his new political capital in much needed economic stimulus. Instead, he weakly called for a transportation bill — a huge political miscue. What he wound up with was a budget-busting Christmas tree adorned with expensive district-by-district ornaments. What he didn't get was enough pre-election economic growth to counter his misbegotten tax increase of 1990.</p>
  • A Fruitful Argument - Taxing capital gains is like chopping limbs off trees

    09/09/2002 12:20:59 PM PDT · by gubamyster · 2 replies · 208+ views
    NRo ^ | 09/09/02 | Bruce Bartlett
    September 9, 2002, 9:00 a.m. Following his Waco economic conference, President Bush told reporters about several tax initiatives that he may soon propose to aid beleaguered investors. Although he did not specifically mention cutting the capital-gains tax rate, it is almost certain that some action in this area will be included. Final decisions have not been made, but a final proposal is expected soon after September 11. I hope that the administration will avoid making purely pragmatic arguments for cutting the capital-gains tax, which should be cut. While such arguments worked in 1978, they have been much less successful since....
  • Maryland Facing $1 Billion Deficit

    09/03/2002 5:05:29 PM PDT · by Tumbleweed_Connection · 14 replies · 189+ views
    Washington Post ^ | 8/30/02 | Lori Montgomery
    Slumping tax revenue and a rapid expansion of state spending have left Maryland facing a shortfall of more than $1 billion in the next budget year, the largest one-year deficit in state history, according to tax officials. Comptroller William Donald Schaefer announced the news yesterday as he officially closed the books on the fiscal year that ended in June. Schaefer (D) said a dramatic drop in capital gains taxes tied to the weak stock market is the primary cause of the shortfall. But he argued that the drop would have been less troublesome if Gov. Parris N. Glendening (D), who...