Tax Policy Center

capital gains tax rate

Business Taxes: TaxVox
National Economic Council chair Larry Kudlow reportedly wants the IRS to redefine capital gains to include only returns from the sale of assets in excess of inflation. Were it feasible, it would make sense to measure all income and expense in real terms. But indexing capital gains alone by executive fiat would make no sense. It would cut capital gains taxes by up to $20 billion a year for the richest Americans and open the door to a raft of new, inefficient tax shelters. And it would do all this without the approval of Congress.
May 10, 2018Leonard E. Burman
Business Taxes: TaxVox
Republican leaders have several challenges to overcome before they can pass a big tax bill. Here are two: (1) They need revenue to pay for...
October 11, 2017Robert McClelland
Campaigns, Proposals, and Reforms: TaxVox
Federal tax receipts have been coming in more slowly than expected, according to the Congressional Budget Office . Through the first eight months of the...
June 16, 2017Steven M. Rosenthal
Individual Taxes: TaxVox
It is conventional wisdom that people adjust their investment patterns in response to upcoming changes in capital gains tax rates: They accelerate their gains if...
February 17, 2017Robert McClelland
: TaxVox
Still on the Hill: Extenders and highway funding drama. Today, the Senate Finance Committee is expected to mark-up its proposed restoration of expired tax breaks , and the full Senate plans to hold a procedural vote on highway funding legislation. Congress faces increasing pressure to move quickly
July 21, 2015Renu Zaretsky