Distributional Effect of a 30% Exclusion for Long-Term Capital Gains Jcx-38-89

Cover Distributional Effect of a 30% Exclusion for Long-Term Capital Gains Jcx-38-89
Distributional Effect of a 30% Exclusion for Long-Term Capital Gains Jcx-38-89
United States. Congress. Joint Committee On Taxation
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The income concept used to place tax returns into income classes is adjusted gross income, plus: (1) tax-exempt interest, (2) employer contributions for health plans and life insurance, (3) inside build- up on life insurance, (4) worker's compensation, (5) nontaxable social security benefits, (6) deductible contributions to individual retirement accounts, (7) the minimum tax preferences, and (8) net losses in excess of minimum tax preferences, from passive business activities .
The tax reduction
... reported here assumes no change in taxpayer behav- ior.

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