The reduction in the long-term capital gains tax rate is the primary reason for the decreased effectiveness of the income tax system in reducing wealth inequality.

Authors

• Person: Adam Looney, Kevin B. Moore Organization: Federal Reserve
  The Fed - Changes in the Distribution of After-Tax Wealth

Sources

• The Fed - Changes in the Distribution of After-Tax Wealth www.federalreserve.gov Adam Looney, Kevin B. Moore · Federal Reserve via serper

Referenced by nodes (2)

• U.S. federal income tax system concept
• long-term capital gains tax concept