TITLE

Tax Sense and Nonsense

PUB. DATE
September 1978
SOURCE
National Review;9/1/1978, Vol. 30 Issue 35, p1064
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the passage of a tax reduction bill in the U.S. House of Representatives. The bill favored the well-to-do. The House bill would cut the maximum capital gains tax from 49 to 35 per cent. Arguments against reducing capital gains tax rates grow more weak each day. Real millionaires can easily avoid capital gains taxes by not selling the assets they own and not buying more. But such behavior can affect efficient investment and economic growth, and therefore leads to cutting the tax penalty on realizing inflated capital gains.
ACCESSION #
6045661

 

Related Articles

  • TAX PLANNING WITH THE NEW CAPITAL GAINS RATE. Cosenza, Vincent J. // CPA Journal;Aug2001, Vol. 71 Issue 8, p52 

    Deals with the application of holding period categories for capital gain taxation purposes in the United States beginning January 1, 2001. Overview of the categories; Capital assets to which the rates will not apply; Suggestions on tax planning.

  • Capital Gain Tax Planning Reduces Tax Liability. Kistner, William G. // hfm (Healthcare Financial Management);Aug2001, Vol. 55 Issue 8, p76 

    Discusses tax-saving strategies that are available to investors in reducing tax liability in the United States. Importance of specifying shares to be sold; Background on put options; Information on zero-cost collar; Overview of the collar technique.

  • Toward the Biggest Tax Cut.  // Time;3/31/1975, Vol. 105 Issue 13, p30 

    The article reports on the approval of the 33 billion U.S. dollar tax-relief bill by the U.S. Senate, which is considered as the largest tax cut in the history of country. It mentions that the final maneuvering of the tax-bill relief was chaotic because a lot of senators attempted to push their...

  • It pays to plan ahead. Gussick, Jeremy // Philadelphia Gay News;12/13/2013, Vol. 37 Issue 50, p16 

    The author offers tips on year-end tax planning in the U.S. He advises taxpayers to avoid short-term capital gains, consider taking capital losses before capital gains, and to carefully consider sell or hold decisions. He also shows how to maximize the power of tax deferral, and income-shifting...

  • Planning for the 2008--2010 Zero-Percent Adjusted Net Capital Gain Rate. Sumutka, Alan R.; Sumutka, Andrew M.; Margarido, Gina S. // CPA Journal;Dec2006, Vol. 76 Issue 12, p40 

    The article offers some tax planning tips for the 2008-2010 zero-percent adjusted net capital gain rate in the U.S. The calculation and taxation of adjusted net capital gains in the 10% or 15% tax brackets are explained. The benefits of the adjusted capital gain rate to retirees, prospective...

  • Planning forever tax savings. Battersby, Mark E. // Proofs;Nov2009, Vol. 92 Issue 5, p72 

    The article offers taxation tips for dental hygiene practices in the U.S. It outlines several strategies for saving taxes like selecting the optimal form of organization for the business, structuring transactions that will result to capital gains and transferring income from a high-tax bracket...

  • Counting the Gains. Moore, Stephen // National Review;7/20/1998, Vol. 50 Issue 13, p17 

    The article focuses on the taxation of capital gains in the United States. In 1996, the year before the capital-gains tax rate was decreased from 28 to 20 percent, net capital gains on assets sold were roughly 250 billion dollars. A year later, capital gains had increased to 383 billion dollars....

  • How to cope with the AMT.  // Consumer Reports Money Adviser;May2013, Vol. 10 Issue 5, p12 

    The article provides consumer advice about avoiding the alternative minimum tax (AMT), an income tax rate used to adjust for people who use multiple tax breaks to avoid paying higher taxes. It addresses the American Taxpayer Relief Act of 2012, establishing primary residences in states with...

  • Tax Tip. Owen, Stephen L. // Journal of Passthrough Entities;Mar/Apr2015, Vol. 18 Issue 2, p49 

    The article offers suggestion on tax planning in 2015 and the potential impact of revenue-raising proposals given by U.S. president Barack Obama. Topics discussed include increasing capital gains tax rate, evaluation of president tax proposal, explanation on several tax concept by several...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics