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The biggest revenue target is the preferential rate for long-term capital gains, which raises a perennial question: Why should capital income be taxed at a much lower rate than ordinary income? Capital assets are owned overwhelmingly by the rich.
James B. Stewart
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"The biggest revenue target is the preferential rate for long-term capital gains, which raises a perennial question: Why should capital income be taxed at a much lower rate than ordinary income? Capital assets are owned overwhelmingly by the rich."
— James B. Stewart #moneywealth

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The biggest revenue target is the preferential rate for long-term capital gains, which raises…

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The biggest revenue target is the preferential rate for long-term capital gains, which raises a perennial question: Why should capital income be taxed at a much lower rate than ordinary income? Capital assets are owned overwhelmingly by the rich. — James B. Stewart

About James B. Stewart

James B. Stewart was a Journalist from United States (1952–present).

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Who said "The biggest revenue target is the preferential rate for long-term capital gains…"?
This quote is attributed to James B. Stewart, a Journalist from United States.
When did James B. Stewart live?
James B. Stewart lived from 1952 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.