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Presently there are 3 methods for computing the "cost basis
of stock" and most people, like the economic man, attempt to reduce the amount
of tax paid. This would bring another 600 million a year. Thus there would be
even less money in the economy and that would further decrease demand. Wall
Street would have a decrease in trading as people would not buy as many stocks
as they did before, and the economy would lose out due to the multiplier effect,
of the people in Wall Street losing a little, and passing this on to the shops
which they buy things from etc...
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Wall
Street would have a decrease in trading as people would not buy as many stocks
as they did before, and the economy would lose out due to the multiplier effect,
of the people in Wall Street losing a little, and passing this on to the shops
which they buy things from etc..
These proposals would prevent the large corporations from getting more
capital, but increase the amount of small business in the economy...
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