Friday, August 31, 2018

Capital Gains tax cut being considered

Trump looking very strongly at doing it via Executive action:

The capital gains change would slash tax bills for investors when selling assets such as stock or real estate by adjusting the original purchase price for inflation. The change has been a longtime goal of Trump’s top economic adviser, Larry Kudlow, who says the policy would spur job creation and economic growth because people wouldn’t be taxed on what he’s called “phantom income.”

Nice metaphor Larry...

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