Tax Foundation Analyzes Tax Rate Impact on Capital Income

Tax Foundation

Because of the Tax Cuts and Jobs Act, marginal effective tax rates for all asset types and business formations have been temporarily cut compared with prior law, but phaseouts of temporary provisions will lead to higher marginal effective tax rates on all asset types in coming years, the Tax Foundation said in a January report.

<p>Because of the Tax Cuts and Jobs Act, marginal effective tax rates for all asset types and business formations have been temporarily cut compared with prior law, but phaseouts of temporary provisions will lead to higher marginal effective tax rates on all asset types in coming years, the Tax Foundation said in a January report.</p>