He served as Research Director with National Commission on Tax Reform and Economic Growth, (the Kemp Commission), an advisor to the National Commission on the Cost of Higher Education, and as a member of the OMB transition team in 1981.
From 21 September 1999, after a report by Alan Reynolds the 50% capital gains tax discount has been in place for individuals and some trusts that acquired the asset after that time and have held the asset for more than 12 months, however the tax is levied without any adjustment to the cost base for inflation.
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