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Taxes on Investment Income Remain Too High and Lead to Multiple Distortions
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Martin Feldstein
Published/Copyright:
June 8, 2006
Although rates are lower than in the past, the combination of the corporate and personal tax rates still imply high marginal tax rates on capital income. Martin Feldstein argues that such high tax rates hurt the economy even if saving rates are not sensitive to rates of return, and examines the various ways in which capital taxes distort other aspects of economic activity.
Published Online: 2006-6-8
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Letter
- Reply: The Death Penalty Once More
- Reply: Transfers vs. Economic Costs in the Iraq War
- Letter: Consider the Consumer Side of the Market for Catastrophe Insurance
- Column
- Grading the President's Tax Reform Panel's Plan
- Are Economists Smarter?
- Taxes on Investment Income Remain Too High and Lead to Multiple Distortions
- The (Legal) Pains of Vioxx: Why Product Liability Can Make Products More Dangerous
- The Economics of Net Neutrality
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