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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:
Inflation
Income
Optimal Taxation
Public Finance & Taxation
Taxes
Personal Income
Capital Gains Tax
Deflation
National Accounts
Personal Income, Wealth, And Their Distributions
Price Level
Income And Capital Gains Taxes
Taxation, Subsidies, And Revenue: General
Efficiency
Income Tax Systems
Prices
Macroeconomics
Taxation
Personal Income And Other Nonbusiness Taxes And Subsidies
Income Tax
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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