Not a true research paper, but closer to that than an opinion piece
A look at how much room there is to raise taxes on the very wealthy in the us. Important functionally for understanding what the evidence shows we can do/its impacts, as well as a way to address the wide discontent at the levels of wealth inequality in the country
One interesting takeaway on step up of basis at death:
> revenue potential from capital-gains tax increases would be much larger with different treatment of gains at death: over ten years, a five-point increase in the top capital gains rate would yield about $180 billion under current law but more than $340 billion with deemed realization at death.
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Not a true research paper, but closer to that than an opinion piece
A look at how much room there is to raise taxes on the very wealthy in the us. Important functionally for understanding what the evidence shows we can do/its impacts, as well as a way to address the wide discontent at the levels of wealth inequality in the country
One interesting takeaway on step up of basis at death:
> revenue potential from capital-gains tax increases would be much larger with different treatment of gains at death: over ten years, a five-point increase in the top capital gains rate would yield about $180 billion under current law but more than $340 billion with deemed realization at death.