[mountn man]

Here is the truth about capital gains during the Reagan years.

Reagan was elected in 1980.
He didn’t take office until Jan. of 1981.

In 1976, ‘77 and ‘78 the long term capital gains tax was 39.875%

In ‘79 and ‘80 it was 28%

In 1981- 1986 the capital gains tax WAS NOT 28%...

It was 20%

In 1987 through 1990 it went up to 28%
In 1991 and ‘92 it went to 28.93%

Here are some other facts.
In 1976, the realized taxes from capital gains was 39.5 billion (at 39.875)
In 1977 it was 45.3 billion (at 39.875)
In 1978 it was 50.5 billion (at 39.875%)

in 1979 it was 73.4 billion (at 28%)
in 1980 it was 74.1 (at 28%)

In 1981 it was 80.9 (at 20%)
1982 it was 90.1 (at 20%)
1983 it was 122.8 (at 20%)
1984 it was 140.5 (at 20%)
1985 it was 172.0 (at 20%)
1986 it was 327.8 (at 20%)

1987 it was 148.4 (at 28%)
1988 it was 162.6 (at 28%)
1989 it was 154.0 (at 28%)
1990 it was 123.8 (at 28%)

1991 it was 111.6 (at 28.93%)
1992 it was 126.7 (at 28.93%)

[gusopol3]

I hope Jodi Earnst sees that trend before her rebuttal.

[MSF BU]

1986. Nothing like an anticipated tax increase to spur LT gains.