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Essay text:
Therefore capital raised from one person or a group of
professional investors remains a crucial source of funding for these type of
enterprises. In the type of economic world which is present today the
opportunity for good returns on a person's money must be in abundance to allure
investments in such ventures. Capital gains taxes significantly diminish these
returns, therefore reducing the incentives to invest. Eliminating the capital
gains tax will spark entrepreneurship and new investments in the economy, which
in turn will elevate economic growth and increase the number of jobs. In order
to stimulate economic growth in the United States, taxes on capital gains should
be eliminated...
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