Economists question warnings about "fiscal cliff" tax hikes

Warnings about the grave consequences of tax increases triggered by the "fiscal cliff" are overdone because so few Americans are taxed on investment gains, economists say. Data from the Investment Company Institute show that 14.7% of households in the U.S. hold mutual funds in taxable accounts, much less than the 23.9% in 2001.

View Full Article in:

New York Times (tiered subscription model), The

Published in Briefs: