TAX CUT ON CAPITAL GAINS
If you've been longing to sell a stock that you haven't held long, you might soon get a break. Today stocks must be held at least 18 months to qualify for the lower capital-gains tax rate, which is usually 20%. But that holding period will be reduced to 12 months under a $13 billion tax bill that President Clinton agreed to sign last week.
YOU CAN NEVER BE TOO RICH
Whenever Congress writes new tax laws, it makes mistakes. Usually they get fixed. But when such an error granted a windfall to those who inherit estates...
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