Blog - Taxing Wealth and Income from Wealth
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The Preferential Tax Treatment of Capital Gains Income Should Be Curbed, Not Substantially Expanded
August 1, 2018 • By Richard Phillips
For true believers in supply-side economics, however, one major flaw of the TCJA is that it did not further cut taxes for the wealthy by reducing capital gains tax rates. But now the Trump Administration is considering using executive action to remedy this by indexing capital gains to inflation for tax purposes.
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