Al Gore vs George Bush: the moderate's perspective Message Board

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Politics : Al Gore vs George Bush: the moderate's perspective

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To: Bill who wrote (2642)	10/16/2000 1:50:55 PM
From: Zeev Hed	Read Replies (1) of 10042

E-bill, if that Million was Long Term Cap gains (like most of the money Gate makes), $200,000 will be the tax. If if it was "royalties" on Intellectual property licensed exclusively, it is LTCG and taxed only at 20%. Acredited investors (by definition worth more than $1 MM) can pool their money into VC firms, once they cash out by selling a bunch of dot.com to the newbies, they pay only 10% cap gains (the super Cap gains law of 1995 or so), if they held their pre IPO stock for a period of 5 years. You see, there are a lot of ways to avoid paying the current marginal rate of 55% that most small independent business people earning in the $100,000 to $200,000, pay. All legal. Zeev

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