| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28362 |
| 来源ID | Working Paper 28362 |
| Rethinking How We Score Capital Gains Tax Reform | |
| Natasha Sarin; Lawrence H. Summers; Owen M. Zidar; Eric Zwick | |
| 发表日期 | 2021-01-25 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We argue the revenue potential from increasing tax rates on capital gains may be substantially greater than previously understood. First, many prior studies focus primarily on short-run taxpayer responses, and so miss revenue from gains that are deferred when rates change. Second, the composition of capital gains has shifted in recent years, such that the share of gains that are highly elastic to the tax rate has likely declined. Third, focusing on capital gains tax collection may understate fiscal spillovers from decreasing the preferential tax treatment for capital gains. Fourth, additional base-broadening reforms, like eliminating stepped-up basis and making charitable giving a realization event, will decrease the elasticity of the tax base to rate changes. Overall, we do not think the prevailing assumption of many in the scorekeeping community—that raising rates to top ordinary income levels would raise little revenue—is warranted. A crude calculation illustrates that raising capital gains rates to ordinary income levels could raise $1 trillion more revenue over a decade than other estimates suggest. Given the magnitudes at stake, scorekeeping procedures employed in evaluating capital gains should be made more transparent and be the subject of external professional debate and review. |
| 主题 | Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w28362 |
| 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/586036 |
| 推荐引用方式 GB/T 7714 | Natasha Sarin,Lawrence H. Summers,Owen M. Zidar,et al. Rethinking How We Score Capital Gains Tax Reform. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28362.pdf（511KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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