Capital Gains Tax Co-Operative Bill (law'd)

[Southern Senator North Carolina Yankee]

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Sponsor: Winston Disraeli

[Southern Senator North Carolina Yankee]

In that case, I'd like to offer an amendment:

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Since the amendment is offered by the Sponsor, senators have 24 hours to request a roll call vote.

[Southern Senator North Carolina Yankee]

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The bill has been amended to the above.

In that case, I'd like to offer an amendment:

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Since the amendment is offered by the Sponsor, senators have 24 hours to request a roll call vote.

Mr. PPT, I would time to offer an amendment to the amendment. It keeps the idea the same, but irons out the language. For example, I assume Winston wanted to exempt the first $50k of capital gains taxation from ESOP dividends, rather than exempt only those individuals earning under $50k/year. The result under current language would mean someone earning $49k a year would be exaempt from capital gains, while his poor schmuck of a co-worker earning $51k would be subject to all capital gains taxation. Again, I assume this is not what Winston intends (please correct me if I'm wrong here, WD).

The only down side is I'll have to do a little research on ESOPs on line. Wikipedia actually seems to have a well-researched article judging from the links I read. I strongly suggest Senators take 2 minutes to review it, particularly the paragraph regarding "Benefits to Employees" which discusses the tax benefits of ESOPs.

I'll try to do it as fast as possible, but can't guarantee 24 hours.

Any objection to all this Winston? Again, love the idea--I just want to hammer out the language to impliment this idea fully.

EDIT: Oh yeah. Here's that article I mentioned:

http://en.wikipedia.org/wiki/ESOP

Since the previous amendment amended the entire text, you might as well just offer your amendment as an amendment to the bill rather than an amendment.

Do you plan to compile this admendment together for us?

[Southern Senator North Carolina Yankee]

You must be logged in to read this quote.

The bill has been amended to the above.

In that case, I'd like to offer an amendment:

You must be logged in to read this quote.

Since the amendment is offered by the Sponsor, senators have 24 hours to request a roll call vote.

Mr. PPT, I would time to offer an amendment to the amendment. It keeps the idea the same, but irons out the language. For example, I assume Winston wanted to exempt the first $50k of capital gains taxation from ESOP dividends, rather than exempt only those individuals earning under $50k/year. The result under current language would mean someone earning $49k a year would be exaempt from capital gains, while his poor schmuck of a co-worker earning $51k would be subject to all capital gains taxation. Again, I assume this is not what Winston intends (please correct me if I'm wrong here, WD).

The only down side is I'll have to do a little research on ESOPs on line. Wikipedia actually seems to have a well-researched article judging from the links I read. I strongly suggest Senators take 2 minutes to review it, particularly the paragraph regarding "Benefits to Employees" which discusses the tax benefits of ESOPs.

I'll try to do it as fast as possible, but can't guarantee 24 hours.

Any objection to all this Winston? Again, love the idea--I just want to hammer out the language to impliment this idea fully.

EDIT: Oh yeah. Here's that article I mentioned:

http://en.wikipedia.org/wiki/ESOP

Since the previous amendment amended the entire text, you might as well just offer your amendment as an amendment to the bill rather than an amendment.

Do you plan to compile this admendment together for us?

Yes, by popular demand I will. But not until tomorrow....

By then you will have someone else to pester you.

[Southern Senator North Carolina Yankee]

Aye

[Southern Senator North Carolina Yankee]

Aye