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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (29385)8/15/2000 10:45:59 AM
From: Les H  Read Replies (1) | Respond to of 769667
 
If you lower the marginal tax rate low enough, you don't need a lower cap gains rate. The 1986 tax law set both to the same marginal rate. The previous law had long-term gains at 50 percent of the marginal rate. A sales tax would also capture taxes that aren't paid by companies with no or low taxable net income but positive cash flow.


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