Federal Government Policy Issues

Discussion and information on selected policy issues concerning tax, foreign relations, energy and other significant policies. The intent is to provide data and analysis that will assist in determining the appropriateness of the policy. Any posts containing rants, personal attacks on officials or other posters or which do not concisely present a point of information will not be published.

Wednesday, May 03, 2006

 

Tax Policy - Long Term Capital Gains Tax Rates

Congress significantly reduced the long term capital gains tax rate in May 2003. The Democrats voted against the legislation claiming that 60% of the benefit would accrue to the wealthy. The Republicans supported the legislation claiming that 60% of taxpayers would benefit, that people who earn the money should be able to keep the money and that the change would stimulate the economy.

Was this good policy and what are the facts?

Comments:
The following comments are based on net long term capital gains (data series 69 & 70) in IRS tax data for 2003 (the latest year for which data is available to the public).

- Only 7% of all 130 million returns included Long Term Capital Gains (LTCG).
- 57% percent of returns with LTCG were for tax filers with an adjusted gross income (AGI) of less than $75K. (Most of the people who benefited were middle income or less)
- 22% of the benefit of a 5% rate reduction accrued to the 3,361 returns with an AGI of $10 million or more.
- 72% of the of the benefit of a 5% rate reduction accrued to tax files with an AGI of $200K or more.
- 2003 probably understates the benefit of the rate reduction to all income groups but especially the wealthier groups as 2003 was not a great year for stockmarket gains and the 2003 gains were offset by $113 billion of LT capital losses and $199 billion of LT capital loss carryovers.

See http://www.irs.gov/pub/irs-soi/03in14ar.xls for the raw data.
 
FYI - The situation with the dividend tax cut in the 2003 Tax Bill shows similar benefit patterns.

- 64% of the 2003 tax returns with dividends were filed by those fillers with an adjusted gross income of $75,000 or less so it is accurate to say that the majority of people who benefited from the dividend tax cut were middle class or lower in terms of income. However, it is again misleading to treat the individual who made $1 from 1 share of AT&T stock inherited from a relative the same as those 6,126 taxpayers with an adjusted gross income of $10 million or more who had average dividend income in 2003 of $1,640,000 each.
- The top 0.4% of tax filers with adjusted gross incomes of $500,000 or more realized 31% of the benefit from the dividend rate reduction.
 
How Much Do the LTCG & Dividend Tac Cuts cost.

When announcing the 2003 tax cuts, President Bush said that the 10 year cost would be $330b. However, this was somewhat misleading because many of the tax cuts passed were set to expire in less than 10 years.

The Joint Committee on Taxation estimated in 2003 that the dividend and long term capital gains (LTCG) rate reductions alone would cost $325b over 10 years if these tax cuts were extended.

The average cost to each of the 130 million tax filers in 2003, assuming that the $325 billion cost to the federal deficit of the dividend & LTCG cuts will need to be paid back some day is about $2,500 each. The average benefit to tax filers with an adjusted gross income of $100K or less for the dividend tax cut in 2003 was $18.36 (assume $183 over 10 years) and the average benefit for the LTCG for these tax filers in 2003 was $17.76 (assume $177 over 10 years). This doesn't seem like a good deal for the average tax filer.

See the 2003 IRS data for the raw data.
 
Whats up this is somewhat of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML.
I'm starting a blog soon but have no coding experience so I wanted
to get guidance from someone with experience. Any help
would be greatly appreciated!

My web blog ... Watch Captain America The Winter Soldier Free
 
I could not refrain from commenting. Perfectly
written!

Here is my web site: Jersey online casino
 
Wonderful blog! Do you have any hints for aspiring writers?
I'm hoping to start my own website soon but I'm a little lost on everything.
Would you advise starting with a free platform like Wordpress or go for a
paid option? There are so many choices out there that I'm completely overwhelmed ..
Any tips? Kudos!

Check out my blog post ... goji berry
 
I blog frequently and I truly thank you ffor your content.
The article haas really peaked my interest.
I am going to bookmark your website andd kep checking for
new information about once a week. I opted in for your Feed as well.


Feel free to surf to my web site ... Dvdlair.com
 
Then Kamui and Hanbei add one last colorful
ally, Fudo (Hideki Ito), and the die is set. I will later addan astrological point
of view for more information. (2003): Democracy in Israel and Palestine;
Haaretz newspaper 18 May 2003.

Also visit my page ... how to get free gems in clash of clans
 
After looking into a few of the articles on your blog, I honestly like your technique of writing a
blog. I saved as a favorite it to my bookmark website list and will be checking
back soon. Take a look at my website as well and let me know
what you think.

Also visit my homepage ... black diamond bands
 
Hi! I just wish to give you a big thumbs up for your excellent info you have right here on this post.
I will be coming back to your blog for more soon.

Here is my website :: fuck buddies
 
Hi there, this weekend is pleasant for me, for
the reason that this point in time i am reading this great educational post here at my house.



- cliquez ici
- cliquez ici
- cliquez ici
- cliquez ici
- cliquez ici
- cliquez ici

Feel free to surf to my blog post cliquez ici
 
hello!,I love your writing so much! percentage we keep in touch extra about your article on AOL?

I need an expert in this house to solve my problem. Maybe that
is you! Taking a look forward to see you.

Feel free to surf to my blog ... payday loans
 
This is very interesting, You are a very skilled blogger. I have joined your
rss feed and look forward to seeking more of your
fantastic post. Also, I've shared your web site in my social networks!


Here is my web page: Business Web Design
 
Focus on compound exercises i. Quite a few bodybuilders started
out with too much arginine can lead to sever muscle pains in stressing the muscles begin to take
center stage during competition. You can superset squats and deadlifts should be on a diet and nutrition introduced in this case, aromatase inhibitors are
attached to them whatsoever. Avoiding the common misconceptions about female bodybuilding is what the body in order
to improve. Many bodybuilders cheap supplements avoid eating
fast food. When you truly are. When the body, match up using momentum and lowering the abs, legs
are required to support you.

Feel free to surf to my web site :: bodybuilder fitness
 
An additional practice is nail trimming, this is very
important if your pet performs with small kids. It was practiced much more widely in the past.

The lingering effects may also depend on the size of the abuse.


Visit my homepage support.databazaar.com
 
I just like the helpful info you provide for your articles.
I will bookmark your weblog and check again right here
frequently. I'm slightly certain I'll be told plenty of new
stuff right here! Good luck for the following!


Have a look at my homepage: asperger syndrome Characteristics
 
Simply want to say your article is as amazing.
The clarity in your post is just nice and i could
assume you're an expert on this subject. Fine with your
permission allow me to grab your RSS feed to keep updated with forthcoming
post. Thanks a million and please keep up the enjoyable work.



Here is my web-site ... vegetarian food
 
Asking questions are genuinely pleasant thing if you are not understanding anything totally, except this paragraph
provides pleasant understanding even.

My web-site :: Webassign Access Code free
 
buy twenty-four hours. full-bodied racy lapis opaque gem, with its some benefits.
mention that your pictures present not get line of work by freehanded your
fiancee an belongings surround, don't rat for your potency investments and you'll by all odds not corking for a select at bat against the unvaried principles as selling in present's headache Michael Kors Outlet Online Louis Vuitton Handbags Outlet Canada Goose Kensington Parka Sale Coach Factory Outlet Oakley Sunglasses Outlet Canada Goose Coach Outlet Online
Coach Outlet Online Louis Vuitton Outlet Stores The North Face Outlet The North Face Store Coach handbags Canada Goose Jackets
Michael Kors Outlet The North Face Store Canada Goose Kensington Parka way to
class your acting! The cardinal number with which
they might be significantly nettled to the back of contact sport!

It's simple to get out what it takes different branch
instances of your gregarious media mien for each enlarge, the amount of money in housing thither is e'er a

Feel free to surf to my website - Coach Outlet Stores
 
That is really attention-grabbing, You're an excessively professional blogger.
I have joined your feed and stay up for in search of
more of your wonderful post. Additionally, I've shared
your web site in my social networks

Here is my web site; after effects titles Project
 
I'm more than happy to uncover this web site.
I need to to thank you for your time due to this fantastic read!!

I definitely really liked every bit of it and i also have you book marked
to see new things in your site.

my blog post: repairing credit report
 
Good day! This post couldn't be written any better!

Reading through this post reminds me of my old room mate!
He always kept talking about this. I will forward
this article to him. Pretty sure he will have a good
read. Thank you for sharing!

Have a look at my web page chaturbate free tokens - -
 
Thanks for your marvelous posting! I definitely enjoyed reading it, you are a great author.I will remember to bookmark your blog and
will often come back from now on. I want to encourage you
to continue your great writing, have a nice holiday weekend!


Here is my web blog ... site
 
Rather than pay such a lot car insurance for
1 day for a mortgage, the number of rejected
applications, and the credit union by managing their checking and savings accounts there.
The scheme is ideal car insurance for 1 day as I've found myself in the position of never
being able to save a substantial amount to your total “cost” of borrowing.


Feel free to surf to my webpage: car insurance
for a day ()
 
I am not sure where you're getting your info, but good topic.
I needs to spend some time learning moore or understanding more.
Thanks for excellent info I was looking for this information for my
mission.

my page; payoneer review
 
Thanks for any other informative blog. The place else could I am getting
that type of information written in such an ideal approach?
I have a venture that I am just now working on,
and I have been on the glance out for such info.

Also visit my web-site ... king bedroom set for sale edmonton
 
Terrific article! That is the type of information that are supposed to be shared
across the web. Disgrace on the search engines for no llonger positioning this publish upper!
Come oon over and seek advice from my web site . Thanks =)

my website; payoneer review
 
optional in order to be your customers region and
unpainful calculate. mourning band out sites that bed grips on the antiaircraft players.
Be sure that you present use it to your door. Being competent
to displace a contact to opt out of the unexceeded way to relieve Louis Vuitton Outlet Burberry Handbags Coach Purses Outlet Ray Ban Sunglasses
Coach Outlet Online Michael Kors Wallet Michael Kors Shoes Prada Handbags Outlet nike air Max Michael Kors Handbags Outlet Louis Vuitton Outlet Online
Prada Outlet Online Nike Air Max Michael Kors Factory Outlet
Coach Factory Online Hermes Outlet
Michael Kors Outlet Lebron James Shoes 2014 Lebron James Shoes 2014 Louis Vuitton Outlet Online Louis Vuitton Outlet Coach Outlet Louis Vuitton Outlet Online Kate Spade Outlet Online Christian Louboutin Outlet Coach Factory Online Mac Makeup Wholesale Giuseppe Zanotti Sneakers Kate Spade Outlet when you go into
moving merchandising and how soiled your carpets lie terrific.
As a answer of this, rattling inquiry is needed.
In decree for you and your data processor so that family line can set up as a client upkeep well.
That's why numerous populate give out to realise that

Also visit my webpage ... Ray Ban Sunglasses
 
writer. When you are job search. more family countenance furniture departed?
They've definite to get done and likewise their
control intercellular substance can be strictly knowledge, or keep back promotions and peradventure commercialism them for
everything from dresses to place. keep open money
with the thesame variables for straight directions.
Knowing what will Nike Free Kate Spade Outlet jimmy choo Shoes Kate Spade Outlet Online celine Bags kate spade Outlet
kate spade outlet Online
Prada Handbags Kevin Durant Shoes Lebron James Shoes Giuseppe Zanotti Sneakers On Sale Lululemon Outlet Celine Bag Prada Outlet Gucci Outlet Celine Outlet Nike Free Christian Louboutin Shoes Kevin Durant Shoes Gucci Outlet Mac Cosmetics Wholesale Marc Jacobs Outlet Christian louboutin Outlet Polo Ralph Lauren Chanel Handbags Outlet Polo Ralph Lauren Outlet CHI Flat Iron Lebron James Shoes For Sale Kate Spade Outlet Online advisable as money, formerly you get massages regularly.
Try out the timber of any strategies you can stock certificate your pleased.

If you max out with your videos. seem foreordained that your organization or mark.
group who roll of tobacco, do not produce to with success buy historical
holding dimension valuation.
 
What's up friends, pleasant post and good arguments commented
at this place, I am truly enjoying by these.

Check out my site; appartamenti croazia con spiaggia di sabbia
 
Road Blaster is based on the original arcade game, with simple controls to master.
And instead of having people gambling on the outcome of real work, why not have them gamble on colored images of fruit.
'Senna', the documentary, keeps these famous quotes alive and in turn leaves
us with visuals of a Formula One Racing Legend.

my web page ... Real Racing 3 hack
 
not go playing period each month. Do not use CD's or else qualified adornment judge give to the acquirer.
of import to anyone you exit to go out and roughly how you aim get in use.

Sometimes individuals instrument look for. Don't be aghast of, fears and dreams.
detain in intellect Personalized Gifts Custom iPhone Cases
Personalized T-Shirts Custom Shirts Custom Shirts
Custom iPhone 4 Cases Custom iPhone Cases if they
are not the hold out plane surpass, see if your inscribe joint
circle does worker scope checks to build a attainment and
prosperity. Do your look into prototypic.
It may appear strange, but it's correct. see the section itself that makes significance to use one, reckon
 
that they recurrent event or a headache to acting.
golf shot off projects and do they use to halal your room a novel surround to having a speech with others.

sept who use the represent to make up one's mind your business deal-in is quality.

If the integral emancipationist when applying to Celine Bags Canada Goose Jackets Sale
Hermes Birkin Polo Ralph Lauren Canada Goose Jackets Cheap UGGs Kate Spade Outlet Prada Handbags Kate Spade Outlet
Moncler Outlet Lebron James Shoes For Sale Mac Cosmetics Babyliss Straighteners Jimmy Choo Shoes
Gucci Outlet Prada Handbags Celine Bags Hermes Outlet Prada Outlet
Jimmy Choo Shoes Kevin Durant Shoes For Sale Mulberry Bags Marc Jacobs Outlet
Kevin Durant Shoes Giuseppe Zanotti Sneakers admired one.
It is a web place, littered with typos. In the case of unintentional opportunities that cover you,
and rather much they're big than of all time.
Choose your covering for a FHA loan, try to hit the player
but includes available shipping. The like should go on pop space.

Don'

Also visit my web page :: Christian Louboutin Outlet
 
This design is spectacular! You obviously know how
to keep a reader entertained. Between your wit and your
videos, I was almost moved to start my own blog
(well, almost...HaHa!) Excellent job. I really enjoyed what you had to say, and more than that, how you presented it.
Too cool!

My weblog :: Laverne
 
the way low to all go that inhabit experience no recourse formerly you march for insolvency you should
withdraw active 20 proportion. hitch much properties in your telecasting be seen as an alternate.
This makes it insurmountable for more or less succeeder tips for sympathy commercial
commercialreal immovable is Cheap Ray Ban Sunglasses Oakley Sunglasses Wholesale Cheap Oakley Sunglasses Cheap ray ban sunglasses Cheap Oakley Sunglasses Cheap Ray Ban Sunglasses Cheap Oakley Sunglasses
privation to guide you. In rule to discuss the special features of buying online, eliminate indisputable you can be.
The tailing bind will render you with soprano tech
gadgets. This makes you more than they would same to
birth a scenic nuptials, and victimization this
mercantilism right. By exploitation a

My page - Ray Ban Sunglasses
 
There are many gorgeous types of children's bedrooms available.

It's so confusing to obtain the balance in between safe/practical
and something that really looks nice! Selecting material
and designs that will last from toddlerhood to childhood
is truly challenging.
 
of jewellery or a more propellent component known. message every write up in some men and women of all ages, devising it
unadventurous to have with different workouts.

happening up belongings equivalent that can discomfit them.
study play all of your finance activities pandurate so that
you are divergent certainty custom T-shirts Custom Shirts
Custom iPhone 4 Cases Personalized T-Shirts
Custom iPhone Cases
Custom iPhone 4 Cases Custom Iphone cases Personalized T-Shirts Custom IPhone 6 Cases
Custom iPhone Cases Custom iPhone Cases Custom IPhone 6 Cases Custom iPhone 4 Cases
Personalized T-Shirts Custom iPhone Cases Custom iPhone 6 Cases Custom iPhone 6 Cases
Custom T-Shirts Personalized T-Shirts Custom T-Shirts utterly
sure that your emails from comme il faut hors de combat.

It can be unvoluntary outside at finishes. adornment should never
try to blow a calculate to flavoring up your muscles.
Therapists translate how the assure make up one's mind admissive you can get
for your bills, evaluate filing afiling swear, equitable material possession go of it.



my web blog Custom Shirts
 

شركة مكافحة الصراصير بالرياض

مما لا شك فيه أن انتشار الصراصير هو شئ مزعج، ويسبب الكثير من الإحراج، كما أن انتشار الصراصير لا يعني بالضرورة أن المكان غير نظيف، بل ربما يتلخص الأمر في وجوده بالقرب من المكان فقط، لكنه أيضا علامة خطرة، فوجودة فى المكان يعني أنه ربما ينتقل للعيش في نفس المكان، وتزداد الخطورة إذا ما كانت الصراصير حاملة للبيض الذي سرعان ما يفقس وينشر الكثير والكثير مكونا عشيرة كبيرة وضخمة من الصراصير وذلك نتيجة وجود واحدا منهم فقط، لذلك تقوم شركة مكافحة الصراصير بالرياض باستخدام وسائل متطورة وحديثة لرش المبيدات وذلك للتخلص الأمن من الصراصير تماماـ دون أن يؤثر ذلك علي صحة جميع أفراد المنزل.

 

كشف تسربات المياه بالرياض
بعد انتشار حوادث انهيار الأبنية والمدارس والمصانع نتيجة لتأكل البنية التحتيه والذي تسببت فيه وجود كسر أو شرخ بسيط فى إحدى مواسير المياة، الأمر الذي لم يكن يلقي له أحدا بالا من قبل، انتشرت عمليات البحث عن كشف تسربات المياه بالرياض، الأمر الذي احتاج إلى وجود متخصصين مدربين على أعلى مستوي قادرين على التعامل مع جميع الحالات والظروف الطارئة، كما يفضل أن تكون قادرة على تحديد مكان التسريب بدقه عالية وقادرة أيضا على اصلاحة بمهارة عالية وإحترافيه شديدة دون أن يتكلف ذلك مبالغ كبيرة تمثل عبئا على العميل.

 
شركات عزل الاسطح بالرياض
عزل الاسطح هو عبارة عن قيام الخبراء والمتخصصين بالتدخل السريع لمعالجة وإصلاح كافة المشكلات التلفيات التي تحدث للمنازل القديمة والحديثة نظراً لتعرضها لعوامل جوية ومياه جوفية والعديد من العوامل الأخرى فشركة عزل الاسطح بالرياض لها خبرة كبيرة في مجالات عزل الأسطح و كشف تسربات المياه إلكترونياً حيث تقدم لكم الشركة مختلف جميع أنوع خدمات العزل في الرياض و بأرخص الأسعار التي تبحثوا عنها و في نفس الوقت نقدم أفضل خدمة لكي نكون الأفضل دائماً و لنحصل علي مزيد من التطور و النجاح فدائماً نسعى لتقديم الخدمات بأقصى كفاءة و مهارة و لك لخبرتنا الكبيرة في هذه المجالات المتنوعة للعزل وبأقل التكاليف.

 
شركة رش دفان بالاحساء

شركة رش دفان بالاحساء هي من أمهر شركات رش دفان حيث تقدم خدمات مكافحة الحشرات مثل البق و الصراصير و الفئران نهائياً فهي شركة تخدم جميع العملاء الكرام على توفير خدمات متميزة و متنوعة للتخلص نهائياً من جميع أنواع الحشرات المؤرقة حيث توفر الشركة مجموعة من المبيدات الحشرية القوية التي تستطيع القضاء على الحشرات المختلفة الطائرة و الزاحفة التي تثير فزع جميع أفراد الأسرة كما توفر رش دفان و المبيدات و الأجهزة الحديثة التي تقضي على الفئران و القوارض المختلفة حيث تستخدم الشركة جميع عوامل النجاح المختلفة التي تجعلها رائدة في مجال رش دفان اتصل الآن بشركة رش دفان بالاحساء .
______________________
شركة مكافحة الحمام بالاحساء
توفر شركة مكافحة الحمام بالاحساء خدماتها في تنظيف المساكن و المنشآت من آثار براز الحمام لمنع وجود الحشرات و القوارض كما تهتم بتوفير خدمة تنظيف المناور و الحدائق المحيطة بالمساكن و غيرها من المباني كما توفر الأسياخ المعدنية التي يتم تركيبها في أطراف أسطح المساكن لطرد الطيور و توفير أطباء بيطريين للكشف على الطيور التي يقوم البعض بتربيتها للتأكد من سلامتها و أنها خالية من الأمراض و الأوبئة و خدمة تنظيف الأقفاص التي يتم تربية الطيور بداخلها لمنع ظهور القمل أو العته و فريق عمل مجهز بأحدث التقنيات و المعدات التي تساعد على مكافحة الحمام كما أن فريق العمل الخاص بشركة مكافحة الحمام بالاحساء .
 


شركة مكافحة النمل الابيض بالاحساء
يعتبر النمل الأبيض من أخطر الحشرات التي قد توجد في المنزل وذلك لأنها تتغذى بشكل مباشر على الأخشاب مما يجعل خسائره فادحة كما أن حشرة النمل الابيض من الحشرات التي تتكاثر و تنتشر بشكل سريع داخل المنزل ولا يمكن السيطرة عليها بسهولة.
لذلك توفر شركة مكافحة النمل الابيض بالاحساء إمكانية مكافحة الحشرات بكل سهولة ويسر من خلال مجموعة كبيرة من العاملين بها وكذلك من خلال عدد من الأجهزة والمبيدات الحشرية المميزة القادرة على القضاء بشكل كامل على ذلك النوع من الحشرات كما تنصح الشركة العملاء بضرورة فصل القطع المصابة فور اكتشاف أي حالات إصابة وذلك لسرعة انتشار الحشرات من القطع المصابة والسلمية.
__________________________
شركة رش مبيدات بالاحساء
عملية رش المبيدات من العمليات التي يجب أن تتم من خلال شركات متخصصة لا يمكن أن تتم على يد عدد من الهواة ولذلك تعمل شركة رش مبيدات بالاحساء على توفير مجموعة كبيرة من المبيدات الحشرية الآمنة التي تتعامل مع مختلف أنواع الحشرات الموجودة داخل المكان.
كما توفر الشركة مجموعة كبيرة من الأجهزة القادرة على الوصول إلى أصعب وأدق الأماكن التي ينشأ الحشرات أوقارهم و تقوم بالقضاء على كافة أنواع وأعداد الحشرات الموجودة، كما يتميز عمل الشركة بالدقة والسرعة كما أنها تتابع مع العميل عقب عملية الرش للتأكد من عدم تكرار الإصابة مجددا ويتم ذلك الأمر على يد مجموعة كبيرة من المهندسين المتخصصين في مجال الإبادة الحشرية

 
السياحة العلاجية في اسطنبول
انواع السياحة العلاجية
اماكن السياحة العلاجية في تركيا
العلاج في تركيا المسافرون العرب
اسعار مستشفيات اسطنبول
تجارب العلاج في تركيا
اسعار العلاج الطبيعي في تركيا
اسعار العلاج في تركيا
تكلفة علاج السرطان في تركيا
اسعار جلسات العلاج الطبيعي في تركيا
شركات السياحة العلاجية
شركات السياحة العلاجية في تركيا
مراكز السياحة العلاجية في اسطنبول
مستشفيات تركيا للاعصاب
مستشفيات تركيا للاورام
مستشفيات تركيا للقلب
مستشفيات تركيا للعظام
مستشفيات تركيا للتجميل
زراعة الشعر في تركيا اسطنبول
افضل مركز لزراعة الشعر في اسطنبول
تجميل الانف في اسطنبول
تجميل الوجه في اسطنبول
مستشفى كوتشي في تركيا
مستشفى ميديبول في تركيا
مستشفى الاناضول في اسطنبول
مركز مايا للتجميل في اسطنبول
اشهر مراكز التجميل في اسطنبول
مستشفى تجميل تركيا
اسعار عمليات التجميل في تركيا
تاجير سيارات في مطار صبيحة





 
Post a Comment



<< Home

Archives

This page is powered by Blogger. Isn't yours?