RE:RE:QUINT,,,,,,,,This BUD's for YOU.......CAPITAL GAINS TaxRed_Deer, thanks for that post. Somebody on a radio talk show suggested that this higher tax inclusion rate is to grab revenue from boomers as they pass on their properties to their offspring or whomever. And that tax grab will be due immediately upon dispositon of the property (i.e., when ownership is transferred), and not when the new owner(s) sell it.
I remember how total tax revenues actually fell in the '80s after all his daddy's surtaxes, etc., worked their way through the economy (corporations will be more heavily taxed, can't wait to see how that works out). It took a few years but it did eventually lead to higher unemployment rates.