About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

LOG IN
LOG IN


1 Kyle Pomerleau, The High Burden of State and Federal Capital Gains Tax Rates 1 (2014)

handle is hein.taxfoundation/taxfaay0001 and id is 1 raw text is: TA X5 FOUNDATION Feb. 2014 No. 414 The High Burden of State and Federal Capital Gains Tax Rates By Kyle Pomerleau Economist Key Findings * The United States' average top marginal capital gains tax rate ranks sixth in the OECD at a rate of 28.7 percent. * The United States' tax rate on capital gains is over 10 percentage points higher than OECD average of 18.2 percent. * California's top marginal tax rate of 33 percent is the third- highest tax rate on capital gains in the industrialized world, behind only Denmark and France. * The capital gains tax is a non-neutral tax that creates a bias against savings, slows economic growth, and harms U.S. competitiveness. ........................................................... ...........