Why Investment Income Is Often Taxed Less Than Wages
The gap between capital gains and ordinary rates fuels a fairness debate.
In-depth analysis connecting tax data, policy, and economics into context for readers.
The gap between capital gains and ordinary rates fuels a fairness debate.
Fewer filers itemize now, changing incentives for giving and borrowing.
Technology, politics, and industry interests all shape what comes next.
Indexed brackets help, but not every part of the code keeps pace.
Total tax burden and mix look different across developed economies.
A large refund means you lent the government money at zero interest.
IRS figures reveal how the burden is distributed across incomes.
Breaks in the code function like government programs — worth hundreds of billions.
A large share of households pay more in payroll than income tax.
Americans spend billions of hours and dollars just to comply.