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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: capital gains tax

capital gains tax stories: 7 news summaries
ANALYSIS

Clinton's Gains-Tax Break Pumped Up Housing Bubble

Eliminating levy on profit from home sales encouraged Americans to play the market

Dec 19, 08 11:18 AM CST
(Newser) - A tax break introduced by President Clinton and made law in 1997 helped fuel the housing bubble that eventually led to the current economic crisis, the New York Times reports. The cut, which allowed owners to sell their homes without paying capital-gains taxes on profits up to $500,000, created... More »

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real estate • Bill Clinton • capital gains tax • tax breaks • market bubble • housing bubble • financial crisis

OPINION

 Ignore Market Until February 

End-of-year effects cause distorting swings

Nov 20, 08 5:43 PM CST
(Newser) - The stock market can be a great synthesizer of millions of individual judgment calls about economic growth, government policy, and world events, writes Andy Kessler in the Wall Street Journal. But it’s also subject to end-of-year distortions, especially in down times like these. What's an investor to do? "... More »

MORE ABOUT:
stock market • Wall Street • Dow Jones • stocks • equity • capital gains tax • mutual funds

Sleight of Hand Has IRS After Billionaire

Anschutz owes $143M on gains, feds say; he claims technicality

Jun 9, 08 1:45 PM CDT
(Newser) - The IRS is going after the US’ 41st-richest man, the Wall Street Journal reports, as part of a larger move to curtail one method of skirting capital-gains taxes. Philip Anshutz owes $143.6 million in back taxes on a “variable prepaid forward contract” deal he made in 2000 and... More »

MORE ABOUT:
IRS • tax evasion • stock • capital gains tax • loopholes • Philip Anschutz

Three Former SEC Heads
to Endorse Obama

Honchos are Reagan, Clinton, and Bush appointees

May 14, 08 2:00 PM CDT
(Newser) - Three former heads of the Securities and Exchange Commission, including President Bush appointee William Donaldson, will endorse Barack Obama today, joining with former Fed chair Paul Volcker to say the candidate will take a “reasoned approach” to “balanced regulatory reform.” Donaldson said he was especially impressed by... More »

MORE ABOUT:
Barack Obama • SEC • capital gains tax • Paul Volcker • George W. Bush • William Donaldson

Buffett: I Should Pay More Taxes

'Oracle of Omaha' says scales have tipped toward the rich

Oct 31, 07 10:41 AM CDT
(Newser) - America’s second-richest man, Warren Buffett, stood up for the little guy last night, telling NBC that he and über-wealthy people like him should pay more taxes. The system has dramatically “tilted toward the rich and away from the middle class,” he said. Surveying his office, Buffett... More »

MORE ABOUT:
taxes • Warren Buffett • capital gains tax • tax cuts • tax breaks • US Chamber of Commerce

Blackstone Partners Profit on IPO Taxes

Loopholes pay off for buyout firm managers after $3.7 bil offering

Jul 13, 07 10:54 AM CDT
(Newser) - The Blackstone Group's partners have expertly negotiated a labyrinth of loopholes to dodge taxes on $3.7 billion they raised with an IPO last month, the Times reports. The maneuver comes as congress discusses what to tax private equity managers, but analysts say the rate debate misses the point; firms... More »

MORE ABOUT:
Blackstone Group • taxes • IPO • capital gains tax

Funds Can't Find Friends in Anti-Tax Fight

As Senate starts tax hearings, masters of the universe find they're short on pals

Jul 11, 07 9:01 AM CDT
(Newser) - Wall Street's hedge-fund and private-equity titans are looking for allies in their fight to prevent a tax hike on profits—but they're having trouble recruiting, today's Journal reports. As the first Senate hearings on the proposed hikes get under way, representatives from venture capital, public pension funds, and investment firms... More »

MORE ABOUT:
Congress • private equity • income tax • Senate • pensions • REITs • hedge fund • carried interest • capital gains tax • venture capital

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