Capital gains taxation: Contra Landsburg

posted by
August 10, 2011
by David Friedman  
Posted in Commentary

"[Steve Landsburg's] central claim is that the tax rate on capital gains ought to be zero -- more precisely, that if it is zero, taxpayers with capital gains will end up paying as taxes the same proportion of their income as those with other forms of income. It's not as screwy a claim as it seems at first; here is the argument, in my words not his. It assumes a 50% income tax, no capital gains tax." (08/10/11)  


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