Taxation of Capital Gains: A Review of the Main Issues

October 1, 1991

Preview Citation

Format: Chicago

Krister Andersson. Taxation of Capital Gains: A Review of the Main Issues, (USA: International Monetary Fund, 1991) accessed December 26, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper reviews the main issues that needs to be addressed in the taxation of capital gains. The main focus of the paper is on the tax treatment of capital gains in the United States. The impact of inflation on asset values and the taxation of gains have led to calls for an inflation-adjusted taxation of capital gains. Others have called for the exclusion of a part of the nominal gains from taxation. This paper argues that if the exclusion method is used, the exclusion rate should increase as the holding period gets longer.

Subject: Capital gains tax, Income and capital gains taxes, Income tax systems, Inflation, National accounts, Personal income, Prices, Taxes

Keywords: Capital gain, Capital gains tax, Capital gains tax tax rate, Income, Income and capital gains taxes, Income tax systems, Inflation, Inflation rate, Nominal rate, Personal income, Tax rate, Tax treatment, Taxable income, WP, Yield

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1991/103
Stock No:

WPIEA1031991
ISBN:

9781451948042
ISSN:

1018-5941

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