Taxing Capital Income

Author : Jane Gravelle
Publisher : MIT Press
Page : 370 pages
File Size : 54,9 Mb
Release : 1994
Category : Business & Economics
ISBN : 0262071584

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The Economic Effects of Taxing Capital Income by Jane Gravelle Pdf

How should capital income be taxed to achieve efficiency and equity? In this detailed study, tax policy analyst Jane Gravelle, brings together comprehensive estimates of effective tax rates on a wide variety of capital by type, industry, legal form, method of financing, and across time. These estimates are combined with a history and survey of issues regarding capital income taxation that are aimed especially at bringing the findings of economic theory and recent empirical research to nonspecialists and policymakers. Many of the topics treated have been the subject of policy debate and legislation over the last ten or fifteen years.Should capital income be taxed at all? And, if capital income is to be taxed, what is the best way to do it? Gravelle devotes two chapters to the first question, and then, in answer to the second question, covers a broad range of topics - corporate taxation, tax neutrality, capital gains taxes, tax treatment of retirement savings, and capital income taxation and international competitiveness. Gravelle also includes a comprehensive history of tax institutions and data on constructing effective tax rates that are not available elsewhere.

Author : Henry J. Aaron,Leonard Burman,C. Eugene Steuerle
Publisher : Rowman & Littlefield Publishers
Page : 372 pages
File Size : 51,6 Mb
Release : 2007
Category : Business & Economics
ISBN : STANFORD:36105123318318

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Taxing Capital Income by Henry J. Aaron,Leonard Burman,C. Eugene Steuerle Pdf

The question of whether to tax income from wealth has sparked debate since our country's inception. Does taxing capital income ensure the progressivity of our system or merely discourage saving? Would switching our tax code to one that taxes only consumption be more efficient or only burden middle- and low-income people? And if we were to radically reform the way America taxes its citizens, how could we ensure that vital revenue would not be lost? Some analysts would even argue that, under our present byzantine tax system, we don't really tax capital income at all. In this volume, eminent economists analyze the problems associated with taxing capital income and propose policy solutions, which are then challenged by their peers in informed commentary. It may not settle the debate, but policymakers, scholars, and the public will find a wealth of information and ideas to consider.

Author : Alan J. Auerbach
Publisher : Harvard University Press
Page : 142 pages
File Size : 41,6 Mb
Release : 1983
Category : Business & Economics
ISBN : 0674868455

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The Taxation of Capital Income by Alan J. Auerbach Pdf

This important contribution to tax analysis presents seven related theoretical essays that examine the effects of capital income taxation on the behavior of firms. It is divided into three sections, focusing on optimal tax design, firm financial policy, and inflation. Taken together, the essays demonstrate the powerful role taxes play in shaping the behavior of American corporations, and also provide insights into the difficult task of tax reform. Auerbach's results suggest policies the government might adopt to promote the optimal accumulation of capital. He examines the implications for capital taxation of discrepancies between nominal depreciation rates and real economic depreciation, and suggests appropriate rules of thumb for determining when capital taxation is neutral among alternative investment projects. He also makes important contributions to the debate over the integration of corporate and personal taxes on capital income and to the behavioral puzzle of why corporations pay dividends to their shareholders.

Author : OECD
Publisher : OECD Publishing
Page : 172 pages
File Size : 45,9 Mb
Release : 2006-11-24
Category : Electronic
ISBN : 9789264029507

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OECD Tax Policy Studies Taxation of Capital Gains of Individuals Policy Considerations and Approaches by OECD Pdf

This report investigates policy considerations in the taxation of capital gains of individuals and design features of capital gains tax systems.

Author : Mervyn A. King,Don Fullerton
Publisher : University of Chicago Press
Page : 361 pages
File Size : 42,8 Mb
Release : 2010-06-15
Category : Business & Economics
ISBN : 9780226436319

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The Taxation of Income from Capital by Mervyn A. King,Don Fullerton Pdf

Taxation—both corporate and personal—has been held responsible for the low investment and productivity growth rates experienced in the West during the last decade. This book, a comparative study of the taxation of income from capital in the United States, the United Kingdom, Sweden, and West Germany, establishes for the first time a common framework for analysis that permits accurate comparison of tax systems.

Author : Martin S. Feldstein
Publisher : Unknown
Page : 512 pages
File Size : 50,5 Mb
Release : 1983
Category : Business & Economics
ISBN : UOM:39015003955344

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Capital Taxation by Martin S. Feldstein Pdf

Feldstein shows how systems of taxation influence the rate and nature of capital formation--key to the development of any economy. His identification of important economic and policy questions, adroit use of modeling and new data, and careful attention to dynamics make this book a powerful addition to the literature.

Author : OECD
Publisher : OECD Publishing
Page : 173 pages
File Size : 49,8 Mb
Release : 2006-11-24
Category : Electronic
ISBN : 9789264029507

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OECD Tax Policy Studies Taxation of Capital Gains of Individuals Policy Considerations and Approaches by OECD Pdf

This report investigates policy considerations in the taxation of capital gains of individuals and design features of capital gains tax systems.

Author : Fraser Institute (Vancouver, B.C.)
Publisher : The Fraser Institute
Page : 36 pages
File Size : 43,8 Mb
Release : 2001
Category : Capital gains tax
ISBN : 9780889751897

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International Evidence on the Effects of Having No Capital Gains Taxes by Fraser Institute (Vancouver, B.C.) Pdf

Author : Herbert G. Grubel,Fraser Institute (Vancouver, B.C.)
Publisher : Unknown
Page : 232 pages
File Size : 51,7 Mb
Release : 2000
Category : Capital gains tax
ISBN : 0889752044

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Unlocking Canadian Capital by Herbert G. Grubel,Fraser Institute (Vancouver, B.C.) Pdf

From the back cover: In the first part of this book, the author examines critically the conventional wisdom which argues that the present high capital gains tax is needed to raise revenue, assure fairness and avoid economic inefficiences. Herbert Grubel shows that the tax raises little revenue , and that lower rates are likely to increase revenue in the short run. Several experts are cited who suggest that lower rates - and even the elimination of the tax - will result in higher economic growth. This increased growth will raise other tax payments by so much that overall revenues will increase in the longer run. On the issue of fairness, the author notes that over half of all capital gains taxes are paid by Canadians earning less than $50,000 in other regular income. The tax does not fall primarily on the rich, as many believe. He also questions the fairness of the triple taxation of returns on savings: business taxes, taxes on distributed profits, and capital gains taxes. Finally, there is nothing fair about taxing capital gains due to inflation. On the issue of efficiency, he notes that capital gains tax produces a lock-in effect of capital and prevents the exploitation of profitable new investment opportunities.

Author : Leonard E. Burman
Publisher : Brookings Institution Press
Page : 209 pages
File Size : 47,7 Mb
Release : 2010-12-01
Category : Business & Economics
ISBN : 9780815714958

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The Labyrinth of Capital Gains Tax Policy by Leonard E. Burman Pdf

Few issues in tax policy are as divisive as the capital gains tax. Should capital gains--the increase in value of assets such as stocks or businesses--be taxed at all? If so, when should they be taxed--when they are earned, or when they are realized? Should taxes be adjusted for inflation? And should gains be taxed at both the individual and corporate levels? In this book, Leonard Burman cuts through the political rhetoric to present the facts about capital gains. He begins by explaining the complex rules that govern the taxation of capital gains, examines the kinds of assets that produce them, and the factors that can lead to gains or losses. He then reviews the effects of capital gains taxation on saving and investment and considers the arguments for and against indexing capital gains taxes for inflation, as well as other options for altering the current system.

Author : Arnold C. Harberger
Publisher : Unknown
Page : 358 pages
File Size : 41,8 Mb
Release : 1969
Category : Business & Economics
ISBN : STANFORD:36105001882823

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The Taxation of Income from Capital by Arnold C. Harberger Pdf

Compilation of papers on problems of income taxation and the effects thereof on capital gains in the USA - covers economic implications, legal aspects of the tax system, fiscal policy, long term pattern of financing of enterprises, the effects of income taxation on labour force supply, etc., and includes statistical tables and information on personal income and investment. References.

Author : Alfred Roman Ilersic
Publisher : Unknown
Page : 176 pages
File Size : 54,9 Mb
Release : 1962
Category : Capital gains tax
ISBN : STANFORD:36105035745517

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The Taxation of Capital Gains by Alfred Roman Ilersic Pdf

Author : Joseph J. Cordes,Robert D. Ebel,Jane Gravelle
Publisher : The Urban Insitute
Page : 522 pages
File Size : 42,8 Mb
Release : 2005
Category : Business & Economics
ISBN : 0877667527

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The Encyclopedia of Taxation & Tax Policy by Joseph J. Cordes,Robert D. Ebel,Jane Gravelle Pdf

"From adjusted gross income to zoning and property taxes, the second edition of The Encyclopedia of Taxation and Tax Policy offers the best and most complete guide to taxes and tax-related issues. More than 150 tax practitioners and administrators, policymakers, and academics have contributed. The result is a unique and authoritative reference that examines virtually all tax instruments used by governments (individual income, corporate income, sales and value-added, property, estate and gift, franchise, poll, and many variants of these taxes), as well as characteristics of a good tax system, budgetary issues, and many current federal, state, local, and international tax policy issues. The new edition has been completely revised, with 40 new topics and 200 articles reflecting six years of legislative changes. Each essay provides the generalist with a quick and reliable introduction to many topics but also gives tax specialists the benefit of other experts' best thinking, in a manner that makes the complex understandable. Reference lists point the reader to additional sources of information for each topic. The first edition of The Encyclopedia of Taxation and Tax Policy was selected as an Outstanding Academic Book of the Year (1999) by Choice magazine."--Publisher's website.

Author : James B. Davies,France St-Hilaire,Economic Council of Canada
Publisher : Unknown
Page : 168 pages
File Size : 49,8 Mb
Release : 1987
Category : Business & Economics
ISBN : UIUC:30112075187762

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Reforming Capital Income Taxation in Canada by James B. Davies,France St-Hilaire,Economic Council of Canada Pdf

Presents two main options for capital tax reform in Canada: a lifetimeconsumption tax and a uniform tax through a comprehensive survey of thetheory and evidence on the likely effects of the altenrative tax reforms oneconomic welfare and the distribution of income. Addresses the current taxtreatment of capital income, defining and implementing major reform options, efficiency aspoects, tax treatment of capital income in an open economy, andtax treatment of human capital. Also includes a discussion of bequests.

Author : Horst Siebert
Publisher : Unknown
Page : 318 pages
File Size : 40,9 Mb
Release : 1990
Category : Capital levy
ISBN : UOM:39015024774229

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Reforming Capital Income Taxation by Horst Siebert Pdf

Compilation of papers written by various authors for a conference held at the Institute of World Economics in 1989. The papers are divided in the following topics: Allocation and taxation; Taxation and capital flows; The harmonization issue and restructuring capital income taxation.