"I earned capital in the campaign, political capital, and now I intend to spend it".
Unlike wages, interest, dividends and rent, which are taxed when earned, capital gains are not.
"I earned capital in the campaign, political capital, and now I intend to spend it," Bush said at his first post-election press conference on November 4, 2004.
"I earned capital in the campaign, political capital", he said, "and now I intend to spend it".In recent weeks, priorities have been set.
"Let me put it to you this way: I earned capital in the campaign, political capital, and now I intend to spend it".
The RBA said investors were keen because of their "desire" to earn capital gains, the ease of obtaining finance and the "taxation treatment of investments in residential property".
But top of the list was tackling two economic juggernauts: Social Security (the public-pension system) and the tax code.Mr Bush's determination was palpable "I earned capital in the campaign," he explained, "and now I intend to spend it".
WASHINGTON, Nov. 21 - In the afterglow of his re-election, President Bush declared that he had "earned capital in the campaign, political capital, and now I intend to spend it".
Because the companies offering the plans usually allow workers to pay 15percentt less than the prevailing market price for their shares, the plans also present a rare chance for low-level workers to earn capital gains.
Mr. Levin, Democrat of Michigan, read from a series of documents that mentioned only tax avoidance, including a memorandum from the Swiss bank UBS that said "the principal design of this scheme is to generate significant capital losses for U.S. taxpayers" so they can earn capital gains tax free.
