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Eliminating The Capital Gains Tax
Beginning of paper
One of the major obstacles facing all entrepreneurs in the United States
when starting a new business or expanding an existing one is raising capital.
Here capital refers to money that people invest in a business. Investment and
entrepreneurship are the heart and soul of a lively economy. There is no other
economic task more important .... Middle of paper
.... Combined with indexation, which is
,
reducing the capital gains tax by any amount would be a vital pro-growth step
taken by Congress. However, given the fickle and high risk nature of
investments and entrepreneurships, and the importance of maintaining a
competitive economy in a global environment, capital gains should be exempt from
taxation altogether. A zero percent capital gains tax would attract
entrepreneurial risk taking, which is v ....
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Number of words: 772
Number of pages: 3 (approx. 250 words per double-spaced page)
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