文档介绍：原文:eTaxesStartingwiththeTariffActof1913,etaxonindividualsfollowingtheadoptionoftheSixteenthAmendment;-,however,thatbeforeimplementinganyofthesuggestedideas,-termcapitalgains(gainsonthesaleofcapitalassetsheldforMOREthansixmonths),1969thefirst$50,000oflong-termcapitalgains,forindividuals,estatesandtrusts,istaxedat25%.long-termcapitalgains(.excesslong-termcapitalgainsovershort-termcapitallosses)inexcessof$50,000isthensubjecttoaneffectivemaximumtaxof35%(50%ofthecurrentmaximumtaxrateof70%).Netshort-termcapitalgains(.excessshort-termcapitalgainsoverlong-termcapitallosses)$5,-termcapitalgains35%Maximumtaxonthefirst$50,000oflong-termcapitalgain25%Difference10%TaxSavingsundertheAlternativeTax;First$50,000ofLong-termcapitalgain*10%$5,000Probablymoreinterestingisthefactthatifthetaxpayer’eislong-%onthefirst$50,000oflong-'snetlong-termcapitalgainisatleast$50,000,thealternativetaxprocedureproducesataxwhichishigherthanthenormaltaxby$6,$50,000oflong-termcapitalgainat25%$12500Taxon$50,000-ScheduleY-1972TaxRateSchedules$6020IncreaseinTaxUsingAlternativeMethod$long-termcapitallosses(.excesslong-termlossesovershort-termgains),capitallossforthe