Capital gains tax

Thursday, May 23, 2013

Photo Credit: Pete Souza, White House Flickr Feed

Again, raising taxes on capital gains and dividends is a truly horrible idea

James Pethokoukis | December 5, 2012, 9:03 am

Set aside the relative performance of the current US economic recovery versus, say, past US recoveries or what’s happening presently in Europe. Instead, let’s focus on absolute performance. Right now the US economy is growing too slowly to generate many … read more >

Economics, Pethokoukis

How does the stock market do after changes in capital gains tax rates?

James Pethokoukis | November 21, 2012, 9:02 am

Jason DeSena Trennert of Strategas: The capital gains tax has been raised three times since 1969. The first two times were in isolation and were followed by market selloffs. The last tax increase was part of comprehensive tax reform in 1986 which … read more >

Pethokoukis

Why capital gains tax rates should be lower than those on labor income

James Pethokoukis | November 20, 2012, 11:57 am

What in the name of Schumperterian capitalism is going on? I would say the economics of this piece by Wick Allison over at The American Conservative is just flat-out wrong, but the post contains no economics at all: A capital … read more >

Economics, Pethokoukis

Yes, low capital gains taxes help growth. And this chart shows why

James Pethokoukis | October 22, 2012, 11:46 am

The left keeps banging away at the preferential tax treatment of capital gains income. And that may be good politics. But is it good economics? Here is Tino Sanandaji, explaining the meaning of the above chart from his must-read, must-follow blog: … read more >

Image Credit: Carbon NYC (Flickr) (CC BY-SA 2.0)

Economics, Taxes and Spending

Why taxing capital income is unfair

Sita Slavov | October 17, 2012, 1:47 pm

Is Mitt Romney’s federal income tax rate – 14% in 2011 – too low or too high? As most of Romney’s income comes from his investments, the answer depends largely on how capital income should be taxed. Economists have made … read more >

Economics

Sorry, Mr. President, the United States needs to cut investment taxes right now

James Pethokoukis | February 9, 2012, 7:13 am

If you want an economy that is built to last, you a) don’t tax the heck out of capital and b) don’t give a massive edge to debt financing over equity financing, as the financial crisis showed. But that is … read more >

Economics, Taxes and Spending

Actually, the capital gains tax is heading to a de facto rate of 60 percent!

James Pethokoukis | January 24, 2012, 4:28 pm

A much-needed reminder from Donald Marron over at TaxVox: First, the 2001 and 2003 tax cuts are scheduled to expire. If that happens, the regular top rate on capital gains will rise to 20%. In addition, an obscure provision of … read more >

Economics, Taxes and Spending

Actually, Mitt Romney’s tax rate is too high

James Pethokoukis | January 18, 2012, 10:45 am

It’s real simple: If you think the biggest problem facing the United States today is income inequality, then you should be outraged that Mitt Romney’s income tax rate isn’t higher. But if you instead think America’s biggest problem is high … read more >

Politics and Public Opinion

Occupy Wall Street Now Occupies Obama

James Pethokoukis | October 7, 2011, 1:51 pm

President Barack Obama’s amazing news conference yesterday made one thing abundantly clear: America’s #1 community organizer—in a switcheroo—has himself now been organized by a community, in particular those demonstrators up in New York and several other cities across America. To … read more >

Economics, Taxes and Spending

Obama’s Millionaire’s Tax Is Double Trouble

James Pethokoukis | October 6, 2011, 4:58 pm

Howard Gleckman over at TaxVox makes two great points about the Obamacrats’ new idea for a tax on million-dollar incomes, a levy the president says he’s “comfortable” with: Reid seems to be asking those who make a million or more … read more >