Reader Mail
Spiritual Gains, Material Losses
Dividends, cuts and biases. The philanthropic George Harrison. Losing sleep over Democrats. Has anyone walked down Clinton’s street before? Plus much more.
p>
CAPITAL IDEA
br>
Re: Lawrence Henry’s
The
Dividend Tax Cut: The Right Questions
:
/p>
p>Bush’s plan eliminates taxes on capital gains as well as
dividends. Corporate profits that have already been taxed could be
excluded from gains when an investor sold his stock. This means
that almost all U.S. stocks would get a boost from this plan, and
not just dividend-paying ones. However, it’s very doubtful that
this plan will make its way through the Senate. I wouldn’t count my
dividends before they’re hatched.
br>
— unsigned
/p>
Lawrence Henry replies: The writer is right, but of course the tax cut on capital gains (on an imputed basis) requires a fair amount of explanation. It looks like the Bush administration has been fiendishly clever, putting through a capital gains tax cut in a form that no Democrat can get into a sound bite. Demagogue-proof? We’ll see.
p> IF IT’S BROKAW, FIX IT br> Re: David Hogberg’s Media Bias and the Bush Plan :
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