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The 15-Percenters

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Nissa Darbonne
October 1, 2012

Another $20 billion in U.S. E&P asset sales are expected by year-end—about half as much as in the first three quarters of 2012 combined—and a great deal of it is expected to be motivated by owners’ interest in capturing the current federal capital-gains-tax rate.

The 15% rate—as a result of the Bush tax cuts of 2003 and the lowest since at least before 1978 when it was as much as 35%—is to expire on December 31, growing to 20% thereafter. Plus, after 2012, there will be an additional 3.8% hit—a ...

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