Word: profit
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Dates: during 1990-1999
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...also director of the Institute for a Law-Based Economy (ILBE), a non-profit subsidiary of HIID, has also been relieved of his HIID responsibilities, according to Jeffrey D. Sachs '76, director of HIID...
...code. So it's a bad joke that the current debate over tax relief for investors centers on a cut in the capital-gains tax, the 28% levy that you pay on stocks, bonds and other assets held more than a year and sold at a profit. The bad part is that while it would be relatively easy to install--Poof! Your tax rate is lower--what the Federal Government really needs to do is figure out a more complex but also more beneficial fix, one that adjusts for the ravages of inflation. Don't get me wrong...
...most prominent proposal for how to cut capital-gains taxes would exclude 50% of gains and tax the rest as ordinary income, effectively cutting the top rate to 19.8%. The change would apply to assets sold after May 7, 1997. Almost no one is talking up indexing stock profits for inflation as an alternative, because it's seen as a record-keeping nightmare. It requires a different adjustment for every holding period. The goal of indexing is to eliminate taxation on capital gains that result from inflation rather than from a real increase in value...
With inflation at its current low rate of 3%, the two alternatives are a wash for those in the highest tax bracket: a stock bought at $100 and rising 10% a year for a decade generates an after-tax profit of about $125 in either tax scheme. Now, all those who think inflation will remain at 3% forever, raise your hands. Hmmm, just what I thought. The risk is that inflation will pick up, and at just 4% annual inflation the numbers start to make indexing a better deal for individuals. That, unfortunately, translates into a cost for the government...
...said that Zimmerman paid for her investment advice from the Institute for a Law Based Economy-Consulting, a for-profit subsidiary of HIID's Russia project...