Capital Gains Taxes: An Overview
Description:
The capital gains tax has been a tax cut target since the 1986 Tax Reform Act treated capital gains as ordinary income. An argument for lower capital gains taxes is reduction of the lock-in effect. Some also believe that lower capital gains taxes will cost little compared to the benefits they bring and that lower taxes induce additional economic growth, although the magnitude of these potential effects is in some dispute. Others criticize lower capital gains taxes as benefitting higher income i…
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Date:
August 30, 1999
Creator:
Gravelle, Jane G.
Item Type:
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Partner:
UNT Libraries Government Documents Department