
State tax credits, and the recent federal tax capital gains tax rate 2012 gains exclusion for qualified small business stock for investments made during 2010 and 2011 have not, in my opinion, done much to increase the amount of angel investing.
What continues to help, IMO, is the lower, 15% tax rate on long term capital gains, together with the extension of this rate to carried interests. Mr. Romney and other investors have benefited from these incentives, and one must still choose a successful
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