January 1, 1979

Tax Review: Adjusting Tax Rules for Inflation: Capital Gains and Capital Income

Martin S. Feldstein

Martin S. Feldstein

Download Tax Review: Adjusting Tax Rules for Inflation: Capital Gains and Capital Income

Executive Summary
In this essay, Professor Feldstein emphasizes the need to adjust tax policy toward capital gains to reflect the effects of inflation, in order to achieve a more realistic measurement of capital income that is subject to tax.

Was this page helpful to you?

Yes!
No

Thank You!

The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?

Contribute to the Tax Foundation

Topics

About the Author

Martin S. Feldstein

Related Research

Washington Voters to Weigh in on New Capital Gains Income Tax

As Inflation Rises, So Will Tax Bills in Many States

Proposed Top Combined Marginal Capital Gains Tax Rate Would Be Third-Highest in OECD

History of Attempted Changes to Step-Up in Basis Shows Perilous Road Ahead

U.S. Corporate Income Faces Third-Highest Integrated Tax Rate in OECD Under Ways and Means Plan

Latest White House Report Tells Incomplete Story on Average Tax Rates for Wealthy