In the United States tax system, capital gains are often accrued but not realized for tax purposes over the life of the wealth holder, and at death, these deferred and unrecognized capital gains are exempted from income tax entirely.

Authors

• Person: Eugene Steuerle Organization: Milken Review
  Taxes, Government Transfers and Wealth Inequality

Sources

• Taxes, Government Transfers and Wealth Inequality www.milkenreview.org Eugene Steuerle · Milken Review via serper

Referenced by nodes (2)

• U.S. location
• capital gains tax concept