3 ms·
> or changing the capital gains tax structure so that there is no capital gains tax on any shares of stock (private or public company) held for 1 year or more,
by debacle 14y ago
> or changing the capital gains tax structure so that there is no capital gains tax on any shares of stock (private or public company) held for 1 year or more, and no tax on dividends paid to shareholders who have held stock in the company for more than 5 years.
A complex tax structure ignores the bottom (who pay very little tax on income) and only harms the middle. The top earners in any system with a complex tax structure have the capital and the assets to make it worthwhile to design vehicles that shield them by exploiting these complex tax rules.