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Muso
l33t
Joined: 22 Oct 2002
Posts: 655
Location: The Holy city of Honolulu
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 Posted: Thu Nov 01, 2012 5:30 pm Post subject: Looming Tax Hike Motivates Owners to Sell |
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Looming Tax Hike Motivates Owners to Sell
| Quote: | A looming increase in the capital-gains tax rate next year is fueling sales of some privately-held businesses.
Many business owners—mostly founders who could gain a lot from a sale—are looking to close deals before next year, when the maximum tax on investment income is scheduled to rise from 15% currently to at least 23.8% on most capital gains, at least for higher-income households. Many sellers intend to convert their equity into retirement funds or just start anew. |
More in TFA.
Time to start building that wall of separation between the economy and the state.
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If I had a dollar for every time capitalism was blamed for the problems caused by government, I'd be a fat filmmaker with a baseball cap |
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pjp
Administrator
Joined: 16 Apr 2002
Posts: 16029
Location: Colorado
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| Posted: Thu Nov 01, 2012 10:49 pm Post subject: |
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If income tax wasn't so high, I'd consider buying one of them.
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lolgov. 'cause where we're going, you don't have civil liberties.
In Loving Memory
1787 - 2008 |
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flysideways
Tux's lil' helper
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Muso
l33t
Joined: 22 Oct 2002
Posts: 655
Location: The Holy city of Honolulu
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| Posted: Fri Nov 02, 2012 4:01 am Post subject: |
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If I had a dollar for every time capitalism was blamed for the problems caused by government, I'd be a fat filmmaker with a baseball cap |
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Off the Wall
