The United States places a relatively high burden on long-term capital gains income (gains on assets held for more than one year). The top federal tax rate is 20 percent. In addition, taxpayers with AGI over $200,000 ($...
- The Tax Policy Blog
- Addressing the Debt Limit Crisis
Addressing the Debt Limit Crisis
With less than a week to go until the Treasury is unable to pay its bills, and tonight's House vote on the Boehner plan seemingly delayed, it's unclear how the current debt limit crisis will be resolved. In a new commentary, I discuss the prospects of various compromises that have been proposed, and describe some other possible outcomes.
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