Search results
Results From The WOW.Com Content Network
Also reduced were estate taxes, capital gains taxes, and corporate taxes. Much of the 1981 Act was reversed in September 1982 by the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), which is sometimes called the largest tax increase of the postwar period. Critics of the act argue that it worsened federal budget deficits, while ...
After the Economic Recovery Tax Act of 1981 revenues fell by 6% in real terms. This promoted a tax increase that passed the House in late 1981 and the Senate in mid-1982 called the Tax Equity and Fiscal Responsibility Act of 1982. This act was an agreement between Reagan and the Congress that raised revenues for the following years. Following ...
The Tax Reform Act of 1986 shifted capital gains to income for the first time thus establishing equal short-term capital gains taxes and marginal income tax rates. The top rate of 28%, not taking into account taxpayers under the stipulations of a phase-out, remained until 1997, despite increases in marginal income tax rates, when it was lowered ...
The Economic Growth and Tax Relief Reconciliation Act of 2001 was a major piece of tax legislation passed by the 107th United States Congress and signed by President George W. Bush. It is also known by its abbreviation EGTRRA (often pronounced "egg-tra" or "egg-terra"), and is often referred to as one of the two " Bush tax cuts ".
An assessment of the Biden administration’s tax proposals on increasing capital gains taxes has found that they would reduce wealth inequality without harming economic growth. The study from ...
The Tax Equity and Fiscal Responsibility Act of 1982 (Pub. L. 97–248), [1] also known as TEFRA, is a United States federal law that rescinded some of the effects of the Kemp-Roth Act passed the year before.
Biden announced $8.5 billion in federal funding from the CHIPS Act for Intel Corp. to manufacture semiconductors in Arizona. - Rebecca Noble/Getty Images ... Some of the economic and job gains ...
But the provisions are different for “non-tradable” assets, such as holdings in private companies, ownership of houses and apartment buildings, and private equity or venture capital investments.