Capital and Taxes
Greg Hopper
ghopper at frbphil.org
Wed Aug 14 16:39:39 PDT 1996
When you consider that capital gains tax rate schedules are not indexed for
inflation, the situation's even worse than Tim's analysis implies. Since
you pay tax on the nominal rather than the real capital gain, the effective
capital gains tax rate is really higher than the quoted rate.
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Greg Hopper |Disclaimer: The opinions expressed are
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