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Revised Capital Gain Laws Spark Mixed Investor Reactions
Texas CPA Miller Montag says 1970 long term gains face higher ceilings and new rules affecting middle and upper brackets. After 1971 half of gains count as regular income, top rates rise to 35 percent. losses require two for one deduction, with prior losses fully deductible. Navy promotion noted for Patrick W. Casey at Lajes Field Azores.
MENTIONED IN THIS ARTICLE
Miller Montag
Texas Society of Cpas
Montag
Azores
Portugal
Patrick W. Casey
Mary K. Casey
Johnette Rhea
Gladewater
U.S. Naval Air Facility
Lajes Field