The tax reform Elephant in the room nobody mentions: ... If - TopicsExpress

The tax reform Elephant in the room nobody mentions: ... If you’re worried relative tax burdens, the capital gains preference is a problem. ... Taxing taxing capital gains at the same rate as ordinary income is the only reform that would do anything about the extreme difference between the 1% and the rest of us. It could be a bit lower tax than existing rates while still reducing the budget deficit, but of course the Republicans would oppose it bitterly. Incidentally, it would reduce employment opportunities for tax accountants by simplifying the tax code. forbes/sites/taxanalysts/2013/11/12/forget-carried-interest-its-all-about-taxing-capital-gains/?_nospa=true

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