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Article: Capital gains change hits elderly hard, center claims
- Article from:
- Chicago Sun-Times
- Article date:
- August 5, 1990
- Author:
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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NEW YORK The capital-gains tax debate could move into an area
where sensitivities are much more alive. The elderly, says the
National Center for Policy Analysis, are hit hardest by capital-gains
taxes.
The longer your hold any investment, such as stocks, the more
your gains will be diluted by inflation. Yet, when you finally sell
your stock investment - in your old age - you'll be accorded no
special treatment because value was lost to inflation.
This is just one of the points made by the center, a
Dallas-based research institute, which describes itself as non-profit
and non-partisan, though some of its recent papers suggest that older
folks are deserving of more respect.
"The tax ...