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Taxation of Capital Gains A Review of the Main Issues

This paper reviews the main issues that needs to be addressed in the taxation of capital gains. The main focus of the paper is on the tax treatment of capital gains in the United States. The impact of inflation on asset values and the taxation of gains have led to calls for an inflation-adjusted tax...

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Bibliographic Details
Main Author: Andersson, Krister
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1991
Series:IMF Working Papers
Subjects:
Income Tax
Income And Capital Gains Taxes
Optimal Taxation
Efficiency
Income
Taxes
Inflation
Price Level
Prices
Taxation, Subsidies, And Revenue: General
Capital Gains Tax
Personal Income, Wealth, And Their Distributions
Deflation
Taxation
Public Finance & Taxation
Personal Income
Macroeconomics
National Accounts
Income Tax Systems
Personal Income And Other Nonbusiness Taxes And Subsidies
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper reviews the main issues that needs to be addressed in the taxation of capital gains. The main focus of the paper is on the tax treatment of capital gains in the United States. The impact of inflation on asset values and the taxation of gains have led to calls for an inflation-adjusted taxation of capital gains. Others have called for the exclusion of a part of the nominal gains from taxation. This paper argues that if the exclusion method is used, the exclusion rate should increase as the holding period gets longer
Physical Description:29 pages
ISBN:9781451948042

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