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Why the Correct Capital Gains Tax Rate is Zero

Bruce Bartlett


September 6, 1999

Tax Notes, Vol. 84, No. 10, 1999

Argues that capital gains are not income because they simply represent the capitalized value of an income stream that is already taxed, whether it be interest, dividends, or rent. Therefore, the capital gains tax effectively represents a double tax on the same income. This argument is supported with extensive references to the legal and economic literature.

Number of Pages in PDF File: 8

Keywords: taxation, capital gains

JEL Classification: H2, K34, N42

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Date posted: September 20, 2010  

Suggested Citation

Bartlett, Bruce, Why the Correct Capital Gains Tax Rate is Zero (September 6, 1999). Tax Notes, Vol. 84, No. 10, 1999. Available at SSRN: https://ssrn.com/abstract=1322452

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Bruce Bartlett (Contact Author)
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