The effect of marginal tax rates on capital gains revenue: another look at the evidence.: An article from: National Tax Journal

by Robert Gillingham, John S. Greenlees

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Product Description
This digital document is an article from National Tax Journal, published by National Tax Association on June 1, 1992. The length of the article is 4473 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: Much attention has been given to whether a cut in the capital gains tax rate would, in the long run, increase or decrease tax revenues. This paper advances previous work by presenting consistent definitions of responsiveness of revenue to tax changes, implementing a new and more appropriate econometric procedure for analyzing the data, and presenting post TRA 1986 data. No definitive conclusions are found, but the weight of the evidence does not suggest that a reduction in the capital gains rate from existing levels would decrease tax revenue.

From the supplier: The limitations on empirical data and the difficulties of choosing the best theoretical model make it difficult to forecast the revenue effects of a change in capital gains taxation. However, the bulk of the time-series and micro-data evidence, including the most current revisions to the National Accounts and Flow of Funds data, an estimate of the stock of available gains, and 1986-1989 data showing how the Tax Reform Act of 1986 would impact the estimated relationship, does not indicate that a lowering of the capital gains tax rate would decrease tax revenue.

Citation Details
Title: The effect of marginal tax rates on capital gains revenue: another look at the evidence.
Author: Robert Gillingham
Publication: National Tax Journal (Refereed)
Date: June 1, 1992
Publisher: National Tax Association
Volume: 45 Issue: n2 Page: 167-177

Distributed by Thomson Gale

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