The Labyrinth of Capital Gains Tax Policy: A Guide for the Perplexed

by Leonard E. Burman

Overview

"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.

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Product Details

ISBN-13:	9780815712701
Publisher:	Rowman & Littlefield Publishers, Inc.
Publication date:	05/01/1999
Edition description:	New Edition
Pages:	212
Product dimensions:	6.21(w) x 9.27(h) x 0.80(d)

About the Author

"Leonard E. Burman is director of the Urban-Brookings Tax Policy Center and a senior fellow at the Urban Institute. He is the coeditor with Henry Aaron and Eugene Steuerle of Taxing Capital Income (Urban Institute, 2007)."

Editorial Reviews

"...provies a highly useful review of a complex and controversial body of economic literature.
" —Martin A. Sullivan, Tax Notes, Tax Notes

From the Publisher