John W. Diamond (Baker Institute for Public Policy, Rice University) has published Book Review: Taxing Capital Income, 61 Nat’l Tax J. 337 (June 2008) (reviewing Taxing Capital Income (The Urban Institute Press, 2006) (C. Eugene Steuerle, Henry J. Aaron & Leonard E. Burman, eds.)).  Here is the abstract:

This volume provides a broad spectrum of opinions on the costs, benefits, and practicality of taxing capital income. It offers a wealth of information on important issues that are fundamental to the implementation of a rational system of capital income taxation. The book advances the debate beyond examining purely hypothetical reforms and begins to examine what reforming the taxation of capital income would look like in practice under either an income– or consumption–based tax reform. My view is that the book generally supports the idea that the taxation of capital income is in dire need of a fundamental overhaul. While the volume does not settle the debate on whether that should take the form of an income– or consumption–based tax reform, it will inform future debates on this issue