January 1, 1979 Tax Review: Adjusting Tax Rules for Inflation: Capital Gains and Capital Income Martin S. Feldstein Martin S. Feldstein Print this page Subscribe Support our work 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. Topics Individual Capital Gains and Dividends Taxes
