Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
New Evidence on the Tax Elasticity of Capital Gains
Tim Dowd (au); Robert McClelland (au); Athiphat Muthitacharoen (au)
This study uses a large panel of tax returns from 1999 to 2008 to investigate how taxes affect the decision to realize gains. The study distinguishes the persistent effect of tax changes from the transitory effect. The authors use the generalized Tobit model to address the sample selection problem and the endogeneity problem in the tax variables, but they improve the identification of the tax elasticity by using the presence of carryover loss as an exclusion restriction. They also control for the financial sophistication of taxpayers because that could be an important source of omitted variable bias. The authors focus on personal capital gains, but also compare the results of their model to results from the original model applied to contemporary data, estimate their model on subperiods, and estimate their model on other types of capital gains. They find that passthrough capital gains are highly sensitive to persistent tax changes, but gains from mutual fund distributions are extremely insensitive. Tables and figures. This is a print on demand report.
Natural Beauty Care with Flowers & Plants: A Magna Colour Guide
Small Sects in America (rev. ed.)
Whiz Kid of Wall Streetís Investment Guide: How I Returned 34% on My Portfolio, & You Can,Too
Trading Spaces: Behind the Scenes
Family Herbal Cookbook: A Guide to the Ancient Chinese Philosophy of Food & Health
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.