REV-21 TAX CAPITAL GAINS FROM HOME SALES

                                Annual Added Revenues
                                (Billions of dollars)             Cumulative
Addition to          -----------------------------------------    Five-Year
CBO Baseline         1994     1995      1996     1997     1998     Addition
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Tax 30 Percent
of Gain                0.6      6.5       6.8      7.2      7.5       28.6

Tax Lifetime Gains in
Excess of $125,000     0.1      0.5       0.5      0.6      0.6        2.3
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SOURCE:  Joint Committee on Taxation.

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