Quote:
Originally posted by Mmmm, Burger (C.J.)
5% or 15%? Their calculations assume the current k-gains rate of 15%. How can I get some of that 5% rate?
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Meh. Either way I'm assured that any inheritence I now get will be taxed, were as before it would not have been.
Thanks!
Oh yeah, unless I hold on to the asset, whereas before I had an incentive to sell and reinvest if I saw a better investment of my capital. I think it was that whole reduction-of-incentive-to-reinvest that was the whole point behind the reduction in the capital gains tax, right?
BTW, no one has yet answered my question from a couple of weeks ago as to why one part of the government is trying its hardest (according to its own rhetoric) to stoke the economy by increasing the money supply by reducing taxes (a/k/a "supply side economics") while another part of the government is trying its hardest to control inflation by reducing the money supply by increasing interest rates.
This positivist economics stuff would be a lot more convincing if it were consistent.
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