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The theory behind supply-side economics is the Laffer Curve.

Reduced maximum capital gains rate expires Taxation of qualified dividends at capital gain rates will not apply Accumulated Earnings Tax increases to 6 Bush-era Tax Cuts to expire at end of LLC W Lake Mary Blvd., Suite A Lake Mary, FL ON BUSH ADMINISTRATION CAPITAL GAINS TAX The top wealthiest Americans paid on average only 18% of their income in federal individual income taxes indown from 30% in The major source for these waning rates is the capital gains tax cuts.

Feb 20, Prior to the Bush tax cuts, the tax rate on capital gains was 20 percent. Dividends were taxed at the same rate as wage and salary income; therefore, most were taxed at percent.

The Bush tax. Feb 28, The Bush tax cuts were two tax code changes that President George W. Bush authorized during his first term. Congress enacted tax cuts to families in and investors in They were supposed to expire at the end of Instead, Congress extended them for two more years, and many of the tax provisions remain in effect- and continue to affect the.

Dec 02, The Bush Tax Cuts. In there was still abillion surplus. George W. Bush campaigned on giving some of that money back to the people. Bush proposed reducing taxes on capital gains and Estimated Reading Time: 5 mins.

May 21, In May 28,the Jobs and Growth Tax Relief Reconciliation Act ofsometimes referred to as the “Bush Tax Cuts” was signed into law. Several provisions of this law went into effect including one that reduced the tax rate on capital gains to a maximum of 15%.