<p>ITEP Says Capital Gains Tax Breaks Increase Racial Inequity</p>

ITEP Says Capital Gains Tax Breaks Increase Racial Inequity

Institute on Taxation and Economic Policy

Tax preferences for capital gains largely benefit high-income white households and increase racial inequity, but raising the capital gains tax rate, ending stepped-up basis, and limiting tax deferral on unrealized income could address this, the Institute on Taxation and Economic Policy said in an October 14 report.

<p>Tax preferences for capital gains largely benefit high-income white households and increase racial inequity, but raising the capital gains tax rate, ending stepped-up basis, and limiting tax deferral on unrealized income could address this, the Institute on Taxation and Economic Policy said in an October 14 report.</p>