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1. Thomas C CEOExpressSelect Member
     (11/21/2017 1:38:19 PM)
     Message ID #294058

This message is in response to Michael O'Neill ( message id #294054 )  View All Related Messages

Incorrect.

Clinton slashed the Capital Gains rate from 28% to 20%, a 28.5% cut

He also changed the capital gains treatment of principle and secondary homes. Prior to '98, a married couple had a one time, lifetime exemption on a primary residence. Capital gain on secondary home was at the 28% rate after 1 year, which could be deferred for a similar asset, but your cost basis remained the original investment plus improvements.

The treasury receipts took off
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