Tag: dividends

Assessing the Effects of a Dividend and Capital Gains Tax Increase

Jun 10, 2024

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by

Mary Eschelbach Hansen

in Personal Income Tax, Publications, Reports

This brief provides a new analysis of the macroeconomic effects of raising taxes on dividend income and capital gains. Increasing dividend income and capital gains taxes from 20% to 39.6% for households earning over $1 million would raise government revenue by about 5% and GDP by about 1% in the long term. The proposed tax increase…