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The Labyrinth of Capital Tax Policy : A Guide for the Perplexed - Leonard E. Burman

The Labyrinth of Capital Tax Policy

A Guide for the Perplexed

Hardcover Published: 1st May 1999
ISBN: 9780815712701
Number Of Pages: 210

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Few issues in tax policy are as divisive as the capital gains tax. Should capital gains--the increase in value of assets such as stocks or businesses--be taxed at all? If so, when should they be taxed--when they are earned, or when they are realized? Should taxes be adjusted for inflation? And should gains be taxed at both the individual and corporate levels? In this book, Leonard Burman cuts through the political rhetoric to present the facts about capital gains. He begins by explaining the complex rules that govern the taxation of capital gains, examines the kinds of assets that produce them, and the factors that can lead to gains or losses. He then reviews the effects of capital gains taxation on saving and investment and considers the arguments for and against indexing capital gains taxes for inflation, as well as other options for altering the current system.

"...provies a highly useful review of a complex and controversial body of economic literature. " --Martin A. Sullivan, Tax Notes, Tax Notes

The Not-So-Great Debatep. 1
How Capital Gains Are Taxedp. 9
The Kinds of Assets That Produce Capital Gainsp. 33
How a Capital Gains Tax Differential Affects Saving and Investmentp. 42
How a Tax Preference Affects the Efficiency of Capital Allocationp. 67
Who Has Capital Gains?p. 84
Indexing Capital Gains for Inflationp. 119
Alternative Ways of Taxing Capital Gainsp. 130
Beyond Caveman Tax Policyp. 145
Schedule D and Instructionsp. 153
How Saving and Investment Respond to Higher Rates of Returnp. 163
The Fundamental Identifying Assumption behind Cross-Sectional Econometric Studies Is Invalidp. 165
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780815712701
ISBN-10: 0815712707
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 210
Published: 1st May 1999
Publisher: Brookings Institution
Country of Publication: US
Dimensions (cm): 23.5 x 15.88  x 1.91
Weight (kg): 0.46