| 1. | But this capital gains tax stance is very disappointing to us,
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| 2. | Is this true only where you reinvest the capital gains distributions?
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| 3. | Tax receipts will be surprisingly low as capital gains payments fall.
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| 4. | An honest capital gain cut would apply only to new investment.
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| 5. | The House plan passed Wednesday would reverse that capital gains cut.
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| 6. | The capital gains rate for those taxpayers falls to 10 percent.
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| 7. | Most funds make distributions of capital gains in November or December.
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| 8. | They plan to harvest these capital gains to pay their bills.
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| 9. | But capital gains on investments escape taxes until they are sold.
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| 10. | Reserves include accumulated profits or capital gains retained in the business.
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