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1 Kyle Pomerleau, The High Burden of State and Federal Capital Gains Tax Rates 1 (2014)

handle is hein.taxfoundation/taxfaay0001 and id is 1 raw text is: TA X5
FOUNDATION
Feb. 2014
No. 414

The High Burden of State and Federal
Capital Gains Tax Rates
By Kyle Pomerleau
Economist
Key Findings
* The United States' average top marginal capital gains tax rate
ranks sixth in the OECD at a rate of 28.7 percent.
* The United States' tax rate on capital gains is over 10 percentage
points higher than OECD average of 18.2 percent.
* California's top marginal tax rate of 33 percent is the third-
highest tax rate on capital gains in the industrialized world,
behind only Denmark and France.
* The capital gains tax is a non-neutral tax that creates a bias
against savings, slows economic growth, and harms U.S.
competitiveness.

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