The presidential election has seen a variety of tax proposals floated by the candidates. One of the most aggressive, proposed by Bernie Sanders, would take away the tax advantage given to investments. Specifically, he proposed that dividends and long-term gains be taxed the same as ordinary income.
If such a proposal ultimately passed, it wouldn't be the first time there would be no differential in tax rates between ordinary and investment income. As a matter of fact, up until the 1970s, investment income was taxed at a higher rate than ordinary income, the opposite of more recent times.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access