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Biggest Driver of Income Inequality? Income from Capital Gains and Dividends


A new, non-partisan study by Thomas Hungerford of the non-partisan Congressional Research Service confirms that the explosion of income inequality over the past 15 years is fueled by rapidly rising income from capital gains and dividends. 

The Washington Post's Greg Sargent writes:

"In other words, wealthy beneficiaries of low tax rates on capital gains and dividends are doing extremely well—and their runaway wealth is a major driver of income inequality. There’s a lot of that money out there that could be taxed as ordinary income—as Obama and Dems want—as a way to avert the sequester, w..."