Tax Reform and Realizations of Capital Gains in 1986

Leonard E. Burman, Kimberly Clausing and John F. O'Hare

National Tax Journal, 1994, vol. 47, issue 1, 1-18

Abstract: Discusses the revenue consequences of cutting tax rates on capital gains. Develops a model of taxpayer responses to transitory (not permanent) tax changes and tests its implications using data on asset transactions in the Sales of Capital Assets panel compiled by the IRS. Finds evidence that responses to transitory tax changes are dramatic and generally consistent with theory.

Date: 1994
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Citations: View citations in EconPapers (26)

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Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:47:y:1994:i:1:p:1-18

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