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Publication Date: April 2008
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Guinevere Nell; Guinevere Nell; William W. Beach
Research Area: Banking and finance
Keywords: Dividends; investment; bush tax cuts; Taxes
Type: Brief
Coverage: United States
Abstract:
On December 31, 2010, the low tax rates on capital gains and dividends enacted in 2003 will increase to the higher level that applied prior to that year. Many economists agree that the expiration of these tax cuts will discourage investment and slow economic growth. The United States already has one of the world's highest capital gains tax rates.