It was Ike who signed into law the Cigar Excise Tax Extension of 1960, which included an amendment that gave small investors a chance to directly participate in the returns generated by diversified portfolios of income-producing real estate.

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The law imposes a 50% excise tax on any RMD a taxpayer fails to take.

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In February the Clinton Administration proposed 16 tax law changes, including stiffer penalties for shelter-users and excise taxes on promoters' fees.

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