Capital gains is a tough one because the "gain" could just move to a foreign asset CrunchFund could start being denominated in Pesetas, Roubles, Euro or Sterli

Capital gains is a tough one because the "gain" could just move to a foreign asset CrunchFund could start being denominated in Pesetas, Roubles, Euro or Sterling. The interest deduction makes the effective rate of circa 15% internationally competitive. There is still plenty of room to budge 5% say, but beyond that would get limited returns and capital rehoming. http://accf.org/news/publication/an-international-comparison-of-capital-gains-tax-rates http://accf.org/news/publication/an-international-comparison...