A bipartisan commission led by former Senate Budget Committee Chairman Pete Domenici (R-NM) and Alice Rivlin proposed taxing capital gains and dividends as ordinary income, with an exemption for the first $1,000 of capital gains and a lower top income tax rate of 27 percent.

Authors

• Person: Not available Organization: Center for American Progress
  How the Government Subsidizes Wealth Inequality

Sources

• How the Government Subsidizes Wealth Inequality www.americanprogress.org Center for American Progress via serper

Referenced by nodes (1)

• capital gains concept