Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

But if that is the case, there would be no cap gains subjected to the five years rule till 2005 or later? By the way, the QSB 1202 exclusion applies for assets bought after a date in 1993 (I don't have the exact date), but I used it from 2000 and on... Assuming you are correct, then people in the higherst tax bracket with 5 years gains now pay 15% tax rate on these assets when sold? If that is the case, then Gates and others still pay a marginal rate of 15% vs the middle class rate of 40% to 50% in the $115,000 range or so(well, I think that the payroll taxes is 15.3% up to $83,000 and "only" 2.9% above it with no limit on "earned" income). Not being an accountatnt, I don't have these numbers quite handy, but there is surely a form of inequity out there, which I am not sure how to put my finger on it.