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  Keate Partners Ltd.

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Reduction in Capital Gains Rate May Expire in 2010

2003 Tax Bill: In 2003, the US Senate narrowly passed a tax relief bill that President Bush called "a vital action that will stimulate the economy and create jobs." This new bill cut the Long Term Capital Gains Tax Rate to just 15%. Unless extended, this rate reduction expires in 2010.

 

 

Historical Rates: As illustrated below, historical capital gains tax rates have fluctuated considerably. The rate is now at a 60 year low representing a windfall for business owners that sell now.

Historically, the rate has changed every 4 years and while future rates are obviously impossible to predict, the next likely change will be to increase the capital gains tax to help with the large federal deficit.

 

 

Keate Partners Ltd.

7783  Five Mile Road Suite A

Huntington Bank Bldg.

Cincinnati, OH 45230

(513) 241-3700

(513) 852-8325 Fax

www.keatepartners.com

info@keatepartners.com