Martin Feldstein's recent article on U.S. capital income taxes perpetuates the myth that capital gains are taxed at 15 percent: yet once the AMT, child tax credits and state taxes are taken into account, the top effective rate is at least 35.8 percent.
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Letter: How High Is the Top Tax Rate on U.S. Capital Gains?
Henning Bohn
1University of California, Santa Barbara, U.S.A.
Citation Information: The Economists' Voice. Volume 3, Issue 7, Pages –, ISSN (Online) 1553-3832, DOI: 10.2202/1553-3832.1208, June 2006
Publication History:
- Published Online:
- 2006-06-29
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