Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
Please note that Kerry does not personally agree with every item included here; but passes them along for the benefit of the readers' understanding of the varied viewpoints on the issues being discussed.
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Tax Guru-Ker$tetter Letter
Sunday, September 09, 2001
Is Bush Serious About Reducing Capital Gains Taxes?
While he claims to want to reduce the tax on capital gains, how he approaches this will show whether he is serious or not. If he asks Congress to cut the rate, he is no more sincere on this issue than his father was. We have a case of deja vu here. Bush-43 has the exact same opportunity that his father refused to accept; to cut capital gains taxes all by himself by just redefining the term "cost basis" to allow the cost of assets to be adjusted for inflation when reporting their sale. I have a much more detailed discussion on my website.
KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 9/09/2001 10:50:00 PM Send this post:
