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Are Capital Gains Double Taxed?

The very rich get most of their income from capital gains. Republicans have tried to sidestep this fact, but you can see it for yourself in the chart below. So any discussion of efforts to increase progressivity -- such as President Obama's so-called Buffett rule -- must include raising the current...

You Can't Get There From Here

The Economic View in Sunday's New York Times by Harvard economics professor N. Gregory Mankiw ( Capital Gains, Ordinary Income and Shades of Gray ) defending special tax rates for carried interest brought to mind the old joke about a tourist asking a Maine farmer for directions to Augusta... The...

Capital Gains: The Missing Link to Tax Reform?

The big stir about Romney's tax plan --that if you fill in the blanks with likely revenue raisers the plan will result in tax increase for the middle class--all stems from the fact that tax breaks are not evenly spread over income categories . Proportionately, the poor benefits most from the EITC...