While policymakers and the media have been focused on the looming tax increases in the so-called fiscal cliff, Americans will also face an avalanche of tax increases unless a comprehensive deal is achieved. A fresh ACI study of fiscal cliff effects via capital gain and dividend income tax rate increases revealed the likely loss of […]
As talks continue in the fiscal cliff negotiations, one scenario that’s been discussed is raising taxes on capital gains and dividends. Currently, both capital gains and dividends are taxed at a rate of 15%. But if President Obama and Democratic members of Congress get their way, rates for capital gains could go as high as […]
Tax paper final
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