Tax Policy Center

capital gains

Individual Taxes: TaxVox
The President plans to announce in Tuesday’s State of the Union Address new proposals that would raise taxes on capital gains for the wealthiest Americans. The proposal would raise the top tax rate on long-term gains and qualifying dividends to 28-percent (including the Affordable Care Act’s 3.8
January 18, 2015Leonard E. Burman
Individual Taxes: TaxVox
Corporate inversions are all the rage these days as U.S. businesses merge with foreign firms and then restructure the combined businesses as foreign-based corporations. That yields tax benefits and may boost their after-tax profits, but it can also leave their stockholders with unwanted capital
August 20, 2014Roberton C. Williams
: TaxVox
Two appeals courts deliver opposing rulings on Affordable Care Act tax subsidies. The DC Circuit Court ruled yesterday that the tax credits can only go to residents in states that run their own health exchanges. In Richmond, VA, the 4th Circuit Court said the ACA language isn’t clear, so the tax
July 23, 2014Renu Zaretsky
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