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Article: The Labyrinth of Capital Gains Tax Policy: A Guide for the Perplexed.(Review)
- Article from:
- National Tax Journal
- Article date:
- March 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 National Tax Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Labyrinth of Capital Gains Tax Policy: A Guide for the Perplexed. By LEONARD E. BURMAN. Washington, D.C.: Brookings Institution Press, 1999. Pp. 196.
The Labyrinth of Capital Gains Tax Policy is aptly named; here is an outstanding guide through the maze of conflicting and confusing claims and arguments about the capital gains tax. Is cutting capital gains taxes the ultimate supply-side dream? Or is it a windfall for the wealthiest of the wealthy? The answers to these questions--and to understanding the claims and counterclaims--are, as Burman states at the outset, to be found by understanding the statistics, and what lies behind them.
The capital ...