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The change in long term capital gains tax is a drop in the bucket relative to the fact that there is no Generation Skipping Transfer Tax (GST) and a low Gift Ta
by gusf 16y ago
The change in long term capital gains tax is a drop in the bucket relative to the fact that there is no Generation Skipping Transfer Tax (GST) and a low Gift Tax in 2010. I strongly suspect this is cash to pay for gift tax on gifts to his children and grand children. That would be several hundred million in tax savings.