The federal and DC governments tax income from wealth more favorably than income from work. This preferential treatment means we under tax the most well-off, tax their wealth less often, and, in some cases, allow them to accumulate fortunes and pass vast sums of wealth to heirs tax-free.
November 1, 2023
DC Fiscal Policy Institute: Taxing Capital Gains More Robustly Can Help Reduce DC’s Racial Wealth Gap
Institute on Taxation
and Economic Policy
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