Zwick and Zidar argue that a substantial share of the decline in labor share can be accounted for by changing forms of pay, including pass-throughs and equtiy compensation. In particular, if an employee is paid in stock and that stock increases in value then the tax rules tend to count some of that as capital…
Capital Gains Can Be Labor Income
Capital Gains Can Be Labor Income
10 Jul 2026 Leave a comment
in applied price theory, fiscal policy, macroeconomics, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, top 1%
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