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Archive for October 6th, 2006

More on inflation adjustments for capital assets:

Posted by taxguru on October 6, 2006


From a reader:

Subject: Re: Inflation Adjustments To Capital Gains

Many thanks for the link to the Capital Gains Index pdf file.

This is Henry Paulson’s chance to leave a real legacy at Treasury; it could be backed up by Ben Bernanke who made a good case for the necessity of raising the national saving rate to help offset the looming entitlement disaster.

Indexing cost basis would encourage more saving via lower tax rates. ( I can almost hear certain Senators supported by the MSM howling about how indexing would benefit the eeeevil rich plus how the government is going to lose so much of our money.)

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