Window of Opportunity - Paying Uncle Sam Less When You Sell Your Business
By Russ Warren and Tom Zucker, EdgePoint Capital Advisors
At 15%, today's maximum long-term capital gains tax rate (LTCG) is the lowest it has been in the last 75 years (see chart below). In 2003, this rate was reduced to 15% from 20%, with a sunset provision, and is effective through 2010.
If Congress and the Administration were to do nothing, the LTCG rate...