Elderly Taxpayers And The Capital Gains Tax Debate

Studies | Taxes

No. 153
Sunday, July 01, 1990
by John C. Goodman, Aldona Robbins, and Gary Robbins

In order to correct the unfairness in the present tax code and encourage a higher national saving rate, we should index capital gains and other investment income for the effects of inflation, exempt capital gains and other investment income from the Social Security benefit tax, and lower the tax rate for capital gains on the sale of income-producing assets.

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