Capital Gains Taxation: The Evidence Calls for a Reduction in Rates

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Publication Date: May 1989

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Ronald D. Utt

Research Area: Banking and finance

Keywords: Taxes

Type: Report

Abstract:

The evidence accumulated since World War II makes a powerful case in favor of a substantial reduction in the capital gains tax rate. Whether the issue is encouraging savings and investment, fairness, or revenues, the data and the studies demonstrate that concerns expressed by critics of a cut are either unwarranted or exaggerated.