Capital Gains Tax
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* Summa cum aes alienum (debt)--because of capital gains tax! Stock for college, received at age 7 months, will be taxed 18 years later when sold for tuition.
I fear this will still be true in two years, for my grandson. A longer-term (10 years) tax rate of 0% would avoid taxing inflation and education or retirement money saved after taxes. June is for dads and grads, except for the tax law.
FRANK ATHA
Pacific Palisades
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