>Short-term capital gains are taxed at income rates. And long-term capital gains are taxed... Of course. I used the generic term "capital gains" as a stand-in

>Short-term capital gains are taxed at income rates. And long-term capital gains are taxed... Of course. I used the generic term "capital gains" as a stand-in for "long-term capital gains", since the latter is the one that realizes the different tax treatment and is thus relevant to this discussion. My apologies for not being clearer there. >Eliminating corporate income taxes would actually encourage companies to realize and distribute profits to shareholders I agree. I think this can be a "healthy" behavior change as a result of tax code changes. Still, I would be curious to know how much the additional individual tax revenue would serve to offset the loss of corporate tax revenue. On the face, there would seem to be a gap--one that may be filled by a simultaneous increase in the long-term capital gains rate. I'm sure this info is available. Just need to stop being lazy!