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Politics : Formerly About Applied Materials
AMAT 249.89+3.1%Nov 26 3:59 PM EST
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To: Sam Citron who wrote (43554)3/12/2001 8:55:04 PM
From: Cary Salsberg  Read Replies (1) of 70976
 
I would accept a 20% capital gains tax which declines to 15% at 5 years, 10% at 10, 5% at 15, and 0% at 20.

A "same day" stock swap with no capital gains tax is probably difficult to keep track of but a reasonable idea.

Graduated consumption tax with a decent sized zero rate bracket at the bottom is probably preferable considering our poor propensity to save.
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