We are eliminating corporate-capital tax a tax that caused Asian investment to dry up.
Keynes gave little credence to the view that higher capital tax rates would sharply reduce investment and damage economic growth.
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When the capital gains tax rate was raised in the late 1980s, capital gains tax revenues went down as asset prices languished and fewer assets were sold.
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That is why when President Bush cut the capital gains tax rate from 20% to 15% in 2003, capital gains tax revenue doubled from 2003 to 2005.
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The study took into consideration the relative corporate income tax, capital tax, sales tax, property tax and miscellaneous local business tax burdens of those countries, along with the statutory labor costs.
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This is why over the last 45 years every time the capital gains tax rate has been raised, capital gains revenues have declined, and every time the capital gains tax rate has been cut, capital gains revenues have risen.
The capital gains tax rate cuts in 1997 and 2003 caused a surge in reportable capital gains realizations outside tax protected retirement accounts.
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Conversely, when the capital gains tax rate was reduced under President Clinton, investments in new businesses increased, economic growth accelerated, unemployment fell, the stock market surged, and capital gains and income tax revenues rose to record levels, contributing to the significant budget surpluses of the late 1990s.
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"He may decide to look at those who have got high levels of wealth, which is actually a bit of a different group to those who have high levels of income, so a mansion tax, for example, for those who have very expensive houses, or looking through things like inheritance tax or capital gains tax, " Mr Johnson says.
There should be no capital gains tax because most capital appreciation is just inflation.
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But don't count that child tax credit or capital gains tax cut yet.
Examples of this self-destructive practice include the death tax, the capital gains tax, and the second layer of tax of dividends.
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The new Republican Congress cut the capital gains tax rate by 40%, and reduced other tax burdens on capital investment, leading to a resurgent economy.
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After all, the Cayman Islands are a fiscal paradise, with no personal income tax, no corporate income tax, no capital gains tax, and no death tax.
Most tax cuts will reduce the tax take (capital gains tax cuts, which have increased the tax take every time they have been enacted, are an exception).
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Nevertheless, Japan is in the process of enacting a new array of tax increases: The top income tax rate, the gasoline tax, the payroll tax, the inheritance tax and the capital gains tax are all slated to go up.
Gingrich proposed as well to abolish the capital gains tax altogether, which is just an additional layer of taxation on capital income, in addition to the individual income tax, the corporate income tax, and the death tax.
When Congress increased the capital gains tax levy in 1986, the so-called experts at the Joint Committee on Taxation estimated that this tax increase would increase capital gains revenues.
Whether the President is talking about higher income tax rates, higher payroll tax rates, an expanded alternative minimum tax, a renewed death tax, a higher capital gains tax, more double taxation of dividends, or some other way of extracting money, the goal is to have these people foot the bill for a never-ending expansion of the welfare state.
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Tax transparency will of course raise the rate of taxation on the returns to capital: tax transparency will thus reduce the amount of capital flowing in and thus reduce the amount of poverty alleviated.
There is no capital gains tax holding back the economy, and there are generous tax incentives to attract venture capital.
In essence, the estate tax is replaced by the capital gain tax.
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Under a sensible tax reform, the feds would impose either a corporate tax or a dividend and capital gains tax, but not both.
As he noted, until 1969 the top capital gains tax on long-term capital was 25%, but in the same year, the aforementioned rate was increased to 50%.
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The results of the analysis suggest that changes over the past 65 years in the top marginal tax rate and the top capital gains tax rate do not appear correlated with economic growth.
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We should abolish the capital gains tax because it effectively doubles taxes capital income.
This marginal tax rate is typically higher than capital gains tax rates.
In the past 45 years, every time capital gains tax rates have been increased, capital gains revenues have declined rather than increased.
Over the past 45 years, every time the capital gains tax rate has been increased, capital gains revenues have declined rather than increased.
Over the last 45 years, every time the capital gains tax rate has been raised, capital gains revenues have declined rather than increased.
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