Distributional Effects of Taxes on Corporate Profits, Investment Income, and Estates - Prijzen

Tax reductions enacted in 2001-2004 reduce the effective tax rate on capital income in several different ways. Taxes on capital arise from individual taxes on dividends, interest, capital gains, and income from non-corporate businesses (proprietorships and partnerships). Reductions in marginal tax rates, as well as some tax benefits for business, reduce these taxes. Taxes on capital income also arise from corporate profits taxes, which are affect...

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Distributional Effects of Taxes on Corporate Profits, Investment Income, and Estates
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