January 1, 1979

Tax Review: Adjusting Tax Rules for Inflation: Capital Gains and Capital Income

by Martin S. Feldstein

Executive Summary
In this essay, Professor Feldstein emphasizes the need to adjust tax policy toward capital gains to reflect the effects of inflation, in order to achieve a more realistic measurement of capital income that is subject to tax.

Attached Files

• Tax Review: Adjusting Tax Rules for Inflation: Capital Gains and Capital Income, PDF, 840.4 KB
  by Martin S. Feldstein