TaxVox: Capital gains and dividends

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The voices of Tax Policy Center's researchers and staff

Individual Taxes

Don't Try To Mark-To Market Capital Gains. Tax Unrealized Gains At Death Instead

November 21, 2019 –
Market-to-market taxation of capital gains is not practical. Taxing unrealized gains at death is.
Individual Taxes

Opportunity Zones May Someday Help Poor Communities. They Already Are A Tax Shelter For High-Income Investors

September 5, 2019 –
New York Times reporters Jesse Drucker and Eric Lipton wrote a well-reported piece the other day on that Tax Cuts and Jobs Act’s Opportunity Zone...
Individual Taxes

How Government Tax And Transfer Policy Promotes Wealth Inequality

February 5, 2019 –
Federal tax and spending policies are worsening the problem of economic inequality. But the tax breaks that overwhelmingly benefit the wealthy are only part of...

Individuals Pay Very Little Individual Income Tax on Capital Income

September 6, 2018 –
Most capital income earned by the wealthy never is taxed at the individual level, in part because assets are often not sold and their gains...
Individual Taxes

Who Benefits From The Zero Percent Tax Bracket For Capital Gains And Dividends?

July 31, 2017 –
Like other forms of income, long-term capital gains and qualified dividends are taxed at graduated rates. Long-term capital gains and qualified dividends, however, receive preferential...
Individual Taxes

How Capital Gains Affected Average Income Tax Rates From 2001-2014

March 15, 2017 –
This post is part of the Tax Policy Center’s series, Tax Line , which digs into the data behind the day’s most pressing tax policy...
Individual Taxes

Investors respond to changes in capital gains tax rates, but less than you think

February 17, 2017 –
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...
Individual Taxes

Taxing carried interest just right

October 6, 2016 –
Hillary Clinton and Donald Trump agree on one thing: Managers of private equity funds should pay ordinary tax rates on their carried interest, not the...
Business Taxes

The Rich get Richer, with a Little Tax Help

June 22, 2015 –
Renaissance Technologies, an investment manager, is once again showing how to aggressively manipulate the tax system for its own benefit. This time,...
Individual Taxes

Cutting Capital Gains Taxes is a Dead End, Not a Step on the Road to a Consumption Tax

March 3, 2015 –
One of the most useful insights of public economics is the "theory of second best." The idea is that adopting some but not all of the features of...