The Labyrinth of Capital Gains Tax Policy
Subtitle:   A Guide for the Perplexed
Publisher: Brookings Institution Press
Published: May 1999
Language: eng
Format: Hardcover
Number of pages: 196
ISBN-13: 9780815712701
Subjects: Central government policies; Taxation; Tax Accounting; Business & Economics; Business / Economics / Finance; Business/Economics; United States; Taxation - Corporate; Public Policy - Economic Policy; Taxation - General; Capital gains tax
Description: In this book, Leonard E. Burman cuts through the political rhetoric to present the facts. He explains the complex rules that govern the taxation of capital gains and examines the kinds of assets that produce them and the factors that can lead to gains or losses. He then explores how the taxation of capital gains affects federal tax receipts, savings, investment, and economic growth. Data from numerous sources help the reader navigate the thorny issues of the fairness of taxing gains (or not taxing them).

Burman concludes by weighing the arguments for and against indexing capital gains taxes for inflation, as well as other options for altering the current system.