Tax Policy Center

capital gains

Business Taxes: TaxVox
The most problematic provision of the Tax Cuts and Jobs Act (TCJA) may be its 20 percent deduction for qualified business income (QBI) of owners...
June 4, 2018Eric Toder
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
State and Local Issues: TaxVox
The Tax Cuts and Jobs Act included a new federal incentive—Opportunity Zones—to spur investment in poor and undercapitalized communities. These incentives could become the nation’s...
March 27, 2018Brett Theodos
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
Individual Taxes: TaxVox
The chaos surrounding Senate efforts to replace the Affordable Care Act will prolong the debate over what Republicans will do about the nearly $1 trillion...
July 20, 2017Howard Gleckman
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
Campaigns, Proposals, and Reforms: TaxVox
Donald Trump would permit businesses to immediately expense new investment . As a result, they could deduct the full cost of plant and equipment at...
September 9, 2016Steven M. Rosenthal
Federal Budget and Economy: TaxVox
If the White House wanted to attract attention to its final budget , it could not have picked a worse day to make it public. With official Washington obsessed with today’s New Hampshire primary, the 2017 budget barely caused a ripple. In case there was any question about its fate on Capitol Hill,
February 8, 2016Howard Gleckman
Business Taxes: TaxVox
Renaissance Technologies, an investment manager, is once again showing how to aggressively manipulate the tax system for its own benefit. This time, Renaissance is helping its owners/employees (who are some of the wealthiest individuals in the country) to shelter tens of millions of dollars in tax-
June 22, 2015Steven M. Rosenthal