They are unequal periods, and that's why we annualize the growth.
The periods aren't "cherry-picked." If you'd actually look at the plotted effective capital gains rate, you'd see a clear difference in tax policy in those three periods.
The "fuzzy subjective descriptors" are totally in line with the parent poster's: "long term tax policy."
The periods aren't "cherry-picked." If you'd actually look at the plotted effective capital gains rate, you'd see a clear difference in tax policy in those three periods.
The "fuzzy subjective descriptors" are totally in line with the parent poster's: "long term tax policy."