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Presidential tax gimmicks and capital gains loopholes
The piece surveys how presidents and other figures used capital gains treatment to reduce taxes. Ike's 1948 memoir sale netted far less tax than ordinary income, Truman and York faced limits, Lasky’s film profits sparked tax battles, and the article explains the ongoing push to curb such maneuvers.
MENTIONED IN THIS ARTICLE
Washington
United States
Dwight D. Eisenhower
Ike
Europe
Treasury
Congress
Truman
Mr. Truman
White House
Life Magazine
York
Jesse L. Lasky
Warner Brothers
Lasky
The
Revenue Service
Tax Court
Kathleen Winsor
Forever Amber
Fred MacMurray
Douglas Chandor
Roosevelt
Churchill
Stalin
Fdr