Research Report Exempting Dividends, Interest, and Capital Gains From Taxation Peter Orszag Display Date December 6, 2004 File File Download Report (285.55 KB) This article uses the TPC tax model to examine the direct effect of exempting all dividends, interest, and capital gains from income taxation. Research Areas Taxes and budgets Tags Individual taxes Federal budget and economy Campaigns, proposals, and reforms Federal tax issues and reform proposals