NODE 763d5f56Capital and Taxes
Greg Hopper <ghopper@frbphil.org>Thu, 15 Aug 1996 07:39:39 +0800
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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