Capital Gains: Economic Impacts of the Biden Administration’s Proposed Changes to the Taxation of Long-Term Capital Gains

This report compares the top long term capital gains tax rates in the U.S. with those of the OECD and BRIC countries based on both current rates and under a scenario where the U.S. adopts the proposals in the Biden administration’s FY 2022 Budget. This report also estimates the macroeconomic impacts of the capital gains proposals on key areas of the U.S. economy.