Video Calls for Protecting Taxpayers by Indexing Capital Gains Tax to Inflation
Posted by Brian Garst on September 20, 2010
The latest installment of the Economics 101 video series from the Center for Freedom and Prosperity explains the impact from failing to index capital gains to inflation. From the Executive Summary:
The capital gains tax is a perverse form of double taxation that should be abolished. This bad tax is especially damaging because families often are taxed on gains that are solely the result of inflation. This video explains how taxpayers could be protected by indexing the capital gains tax so the levy only applies to inflation-adjusted gains.
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