Tax Policy Center

capital gains

Individual Taxes: TaxVox
Today, I testified before the U.S. Senate Permanent Subcommittee on Investigations (the “Subcommittee”) on the abuse of structured financial products by hedge funds, in particular by the Renaissance funds. This is what I told the Subcommittee: Almost a century ago, Congress reduced the tax rate for
July 22, 2014Steven M. Rosenthal
Individual Taxes: TaxVox
The IRS determined this week that Bitcoin and other digital currencies should be taxed as property, not currency. This means Bitcoin transactions will be taxed as capital gains, not as ordinary income. But, perhaps surprisingly , the act of spending Bitcoin could trigger capital gains taxes. Thus,
March 27, 2014Steven M. Rosenthal
Individual Taxes: TaxVox
The First Circuit U.S. Court of Appeals ruled yesterday that private equity funds are engaged in a trade or business under the Employee Retirement Income...
July 25, 2013Steven M. Rosenthal
Individual Taxes: TaxVox
For a decade, Congress has been debating how to tax managers of private equity firms. The argument is pretty familiar to tax wonks: Should these...
June 25, 2013Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
If you’re discussing tax policy with someone who asserts that his or her point is “just common sense,” this could indicate one of two things:...
March 15, 2013Chris Sanchirico
Individual Taxes: TaxVox
Last week’s draft plan by House Ways & Means Committee Chair Dave Camp (R-MI) to reform the taxation of financial products includes two key changes...
January 28, 2013Steven M. Rosenthal
Individual Taxes: TaxVox
Normally, at the end of each year, investors sell stock (and other assets) to recognize losses to offset gains recognized earlier in the year. Sometimes...
December 14, 2012Steven M. Rosenthal
Federal Budget and Economy: TaxVox
At his press conference yesterday , President Obama said it is nearly impossible to raise taxes on the wealthy (a key piece of his fiscal...
November 15, 2012Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
When it comes to taxes, Mitt Romney and Barack Obama are almost perfect mirror images of one another. Here are ten ways their tax plans...
October 23, 2012Howard Gleckman
Individual Taxes: TaxVox
Each year when I complete my federal income tax return, Turbotax tells me my average tax rate—how much tax I owe measured as a percentage...
October 9, 2012Roberton C. Williams