The Role of Unrealized Gains and Borrowing in the Taxation of the Rich
marginalrevolution.com/marginalrevolution/2025/03/the-role-of-unrealized-gains-and-borrowing-in-the-taxation-of-the-rich.html
Of relevance to some recent debates:
We have four main findings: First, measuring “economic income” as currently-taxed income plus new unrealized gains, the income tax base captures 60% of economic income of the top 1% of wealth-holders (and 71% adjusting for inflation) and the vast…
This story appeared on marginalrevolution.com, 2025-03-05 07:17:13.