Tuesday, November 16, 2010

Taxing Capital Gain. Is It Double Taxation?

A comment on Richard Thaler's blog links to Steve Landsberg's fervent argument that taxing capital gains is always double taxation – that is, a surtax on income that has already been taxed before it was invested.

Valid point?

Valid even when I invest the interest from tax-exempt bonds?


Edmund Dantes said...

We've pushed single taxation as far as it can go, so double and triple taxation is all we have left.

Jim Gust said...

Tax exempt bonds should be eliminated. We're already partway there, with the Build America Bonds. However, the federal subsidy of BABs has to be eliminated.