Why the Correct Capital Gains Tax Rate is Zero

8 Pages Posted: 20 Sep 2010

Date Written: September 6, 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.

Keywords: taxation, capital gains

JEL Classification: H2, K34, N42

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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