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Effects of Capital Gains Taxes on Revenue and Economic Efficiency

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  • Hendershott, Patric H.
  • Toder, Eric J.
  • Won, Yunhi

Abstract

Uses a portfolio-based general equilibrium model and empirical estimates from the literature to simulate the effects on tax revenue and economic efficiency of a fifteen percent maximum tax rate on capital gains.

Suggested Citation

  • Hendershott, Patric H. & Toder, Eric J. & Won, Yunhi, 1991. "Effects of Capital Gains Taxes on Revenue and Economic Efficiency," National Tax Journal, National Tax Association;National Tax Journal, vol. 44(1), pages 21-40, March.
    • Handle: RePEc:ntj:journl:v:44:y:1991:i:1:p:21-40
    DOI: 10.1086/NTJ41788875
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    References listed on IDEAS

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    1. Auerbach, Alan J., 1989. "Capital Gains Taxation and Tax Reform," National Tax Journal, National Tax Association;National Tax Journal, vol. 42(3), pages 391-401, September.
    2. Auerbach, Alan J., 1989. "Capital Gains Taxation and Tax Reform," National Tax Journal, National Tax Association, vol. 42(3), pages 391-401, September.
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    Cited by:

    1. Serdarevic Nino & Muratovic-Dedic Ajla, 2021. "Revenue Recognition and Real Earnings Management in Bosnian Construction Industry," Journal of Forensic Accounting Profession, Sciendo, vol. 1(1), pages 21-34, June.
    2. Eduardo Engel & Alexander Galetovic, 1998. "¿Qué hacer con los impuestos que pagan las ganancias de capital en Chile?," Documentos de Trabajo 46, Centro de Economía Aplicada, Universidad de Chile.
    3. Barry J. Seldon & Roy G. Boyd, 1995. "A General Equilibrium Analysis of a Reduction in Capital Gains Taxes," Public Finance Review, , vol. 23(2), pages 193-216, April.
    4. Michael Haliassos & Andrew B. Lyon, 1993. "Progressivity of Capital Gains Taxation with Optimal Portfolio Selection," NBER Working Papers 4253, National Bureau of Economic Research, Inc.
    5. Burman, Leonard E & Randolph, William C, 1994. "Measuring Permanent Responses to Capital-Gains Tax Changes in Panel Data," American Economic Review, American Economic Association, vol. 84(4), pages 794-809, September.
    6. Vijay M. Jog, 1995. "The Lifetime Capital Gains Exemption: Corporate Financing, Risk-taking and Allocation Efficiency," Canadian Public Policy, University of Toronto Press, vol. 21(s1), pages 116-135, November.

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