Monday, April 16

The Plane Truth? by Scott Shuger The WSJ reports that the cause of a reduction in the capital gains tax is back on the congressional agenda. One reason for this, explains the paper, is "complaints from ordinary taxpayers." You know, like Debbe Trachtman of Overland Park, Kansas, who after learning from her tax adviser that she was going to have to pay $10,000 in capital gains taxes (actually the story chooses to say she was "socked" with the bill) had to give up on her plans to buy a new Lincoln Town Car.
Don't you just feel her pain?

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