A Brief History of The Tax Rate On Capital Gains

This article provides a graph which shows that the US has had a long history of taxing capital gains at higher rates than exist today. The real cut in the capital gains and dividend taxes were part of the Bush tax cuts in 2003. That policy shifted the tax burden from capital income to earned income. The beneficiaries of that policy are the same as those who argue that restoring those taxes is class warfare. Apparently, class warfare is one-directional.