How Low Can You Go? New Capital Gains Tax Rates Pose Interesting Choices for Exchangers
Goold, Linda, Journal of Property Management
When President Bush sent his tax bill to Congress in early 2003, media and political scrutiny focused on the proposed elimination of taxation on dividends. That proposal was a bold and controversial stroke, but one completely consistent with economic theory about the taxation of capital. For more than 40 years, critics of the tax system have believed the Internal Revenue Code imposes burdensome taxes that impair capital formation.
What emerged from Congress substantially reduced taxes on capital but is different from what the President originally proposed. The bill Congress sent to him for signature restructures both capital gains and dividends taxation. For the first time, …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: How Low Can You Go? New Capital Gains Tax Rates Pose Interesting Choices for Exchangers. Contributors: Goold, Linda - Author. Magazine title: Journal of Property Management. Volume: 69. Issue: 1 Publication date: January-February 2004. Page number: 20. © 1999 National Association of Realtors. COPYRIGHT 2004 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.