Political Quotes

JOHN LINDER: this does not seem all that complicated. It does not change any rates of taxation of capital gains. It excludes 50…

On the recordApril 5, 1995
this does not seem all that complicated. It does not change any rates of taxation of capital gains. It excludes 50 percent of the gain. Therefore, you are taxed at the 39.6-percent tax rate. Fifty percent of any gain would be excluded, giving an effective rate of 19.8 percent, a lower effective rate. If you happen to be taxed at a 35-percent tax rate, 50 percent of the gain would be excluded, giving you a 17.5-percent tax. It lowers the effective rate in every instance by excluding half of the gain from any taxation at all.
Said by
JOHN LINDER
Georgia

Editor's note · Context

Discussing the implications of capital gains tax rates.

Share

More from JOHN LINDER

Nov 1, 2005

the President's tax commission has completed its work and sent its report to the Treasury Department. When this started 8 or 9 months ago, I said as often as I could that I wish you would not appoint a commission because the only thing…

govinfo.gov
Apr 12, 2005

as the bill's sponsor, I rise to support H.R. 135, the 21st Century Water Commission Act. H.R. 135 will bring together our Nation's premier water experts to recommend strategies for meeting our water challenges in the 21st century. I would…

govinfo.gov
Feb 4, 2009

I listened to fiscal conservatives rail against this bill, and I think about an article I read in this morning's Washington Post. Over in Arlington, which is just across the river, they have a clinic where people go who don't have health…

govinfo.gov
Sep 23, 2004

Wealthy people pay taxes on personal consumption, and wealth has no meaning unless it is spent on personal consumption. If I had $100 million and lived in a $20,000 home and drove a used car, that $100 million would mean nothing to me. So…

govinfo.gov

Other voices in this conversation