The Case for a Capital Gains Tax Cut

Brief Analyses | Taxes

No. 137
Wednesday, October 26, 1994
by Bruce Bartlett

The 1986 Tax Reform Act increased the maximum tax rate on capital gains income from 20 percent to 28 percent. This 40 percent tax hike has reduced government revenues, discouraged entrepreneurship and caused many investors to hold on to assets they would prefer to sell.

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