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Too many analyses misrepresent capital gains income and taxes

As the federal budget quickly approaches and rumours regarding a likely increase in capital gains taxes intensify, it’s worthwhile to consider how many of the analyses calling for higher capital gains taxes confuse capital gains income versus taxes.As demonstrated in an earlier commentary, capital gains taxes have been shown both domestically and internationally to be a costly way to raise revenue because they impose significant economic costs on economies that use them while not raising much revenue. Put simply, they’re a high-cost way for governments to raise revenue.The following section is taken from a 2014 essay by Charles Lammam and

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