Conclusion: End of Capital Gains Revenue Boom
Creation highly concentrated in tech development states
Creation rate shrinking sharply now, half of peak rates. Recovery?
Stop loss cashing in this year.
Realizations/Revenue from this source could fall 25% from peak
Stable overall stock market a big change
Large stock of unrealized gains
Non IPO “owner” realizations will grow
Federal receipts may grow to $120 bio this year, but fall in 2001