Cuts in capital gains taxes are often criticized as tax cuts for the rich because wealthy individuals

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Cuts in capital gains taxes are often criticized as “tax cuts for the rich” because wealthy individuals are more likely to own financial investments than are poor individuals. How might cuts in capital gains taxes benefit the economy as a whole?

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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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Question Posted: Feb 04, 2016 07:00 AM

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Cuts in capital gains taxes are often criticized as tax cuts for the rich because wealthy individuals

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Investors pay capital gains taxes only when gains are realized That is investors pay ta...View the full answer

Macroeconomics

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