TY  - BOOK
ED  - International Monetary Fund.
TI  - Implications of a Lower Capital Gains Tax Rate in the United States
T2  - IMF Working Papers; Working Paper
SN  - 1451948638 :
SN  - 1018-5941
PY  - 1989///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Capital Gains Tax
KW  - imf
KW  - Capital Gains
KW  - Capital Income
KW  - Capital Losses
KW  - United States
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/15021-9781451948639/15021-9781451948639/15021-9781451948639.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451948639
ER  -