Word: taxed
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Dates: during 1980-1989
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...Offer a larger tax cut for investments that are held longer, and raise the tax sharply for speculation in which assets are churned in days or minutes...
...Close the loophole that exempts inherited assets from capital-gains tax, a reform that would be worth $5.5 billion a year in new revenues...
...Impose a security-transactions tax on each sale of a stock or bond to further encourage longer-term investment over churning. At the 0.5% rate charged by Britain and Japan, such a tax would raise $10 billion a year for the Treasury...
...tax subsidy for corporate borrowing, which now distorts investment decisions and encourages the use of debt for speculative purposes...
...pressed into cooperating with the Government. Last week, with FBI director William Sessions and U.S. Attorney General Dick Thornburgh in Chicago for the occasion, the results were finally announced: 46 traders (out of some 6,000) at the two institutions were indicted on charges ranging from defrauding customers to tax evasion to racketeering...