全球智库信息集成服务系统(G2TT): The Tax Elasticity of Capital Gains and Revenue-Maximizing Rates

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w27705
来源ID	Working Paper 27705
	The Tax Elasticity of Capital Gains and Revenue-Maximizing Rates
	Ole Agersnap; Owen M. Zidar
发表日期	2020-08-17
出版年	2020
语种	英语
摘要	This paper uses a direct-projections approach to estimate the effect of capital gains taxation on realizations at the state level, and then develops a framework for determining revenue-maximizing rates at the federal level. We find that the elasticity of revenues with respect to the tax rate over a ten-year period is -0.5 to -0.3, indicating that capital gains tax cuts do not pay for themselves, and that a 5 percentage point rate increase would yield $18 to $30 billion in annual federal tax revenue. Our long-run estimates yield revenue-maximizing capital gains tax rates of 38 to 47 percent.
主题	Public Economics ; Taxation ; Subnational Fiscal Issues ; Regional and Urban Economics
URL	https://www.nber.org/papers/w27705
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/585377
推荐引用方式 GB/T 7714	Ole Agersnap,Owen M. Zidar. The Tax Elasticity of Capital Gains and Revenue-Maximizing Rates. 2020.