Implications of a Lower Capital Gains Tax Rate in the United States [electronic resource]
- Washington, D.C. : International Monetary Fund, 1989.
- 1 online resource (28 p.)
- IMF Working Papers; Working Paper ; No. 89/100 .
- IMF Working Papers; Working Paper ; No. 89/100 .
This paper reviews the literature on the revenue implications of a lower capital gains tax rate in the United States. The existing empirical research indicates that the timing of realizations is sensitive to tax changes but is inconclusive on the long-run revenue implications. No study claims that tax revenues would increase very much on a permanent basis. The paper concludes that other aspects of a lower capital gains tax rate deserves more attention, in particular its impact on resource allocation and tax arbitrage.
1451948638 : 10.00 USD
1018-5941
10.5089/9781451948639.001 doi
Capital Gains Tax
Capital Gains
Capital Income
Capital Losses
United States
This paper reviews the literature on the revenue implications of a lower capital gains tax rate in the United States. The existing empirical research indicates that the timing of realizations is sensitive to tax changes but is inconclusive on the long-run revenue implications. No study claims that tax revenues would increase very much on a permanent basis. The paper concludes that other aspects of a lower capital gains tax rate deserves more attention, in particular its impact on resource allocation and tax arbitrage.
1451948638 : 10.00 USD
1018-5941
10.5089/9781451948639.001 doi
Capital Gains Tax
Capital Gains
Capital Income
Capital Losses
United States