Optimal Tax Timing with Asymmetric Long-Term/Short-Term Capital Gains Tax
نویسندگان
چکیده
منابع مشابه
Optimal Tax-Timing with Asymmetric Long-Term/Short-Term Capital Gains Tax
We develop an optimal tax timing model that takes into account asymmetric long-term and shortterm tax rates for positive capital gains and limited tax deductibility of capital losses. In contrast to the existing literature, this model can help explain why many investors not only defer shortterm capital losses to long term but also defer large long-term capital gains and losses. Because the bene...
متن کاملOptimal Tax-Timing with Asymmetric Long-Term/Short-Term
We develop an optimal tax timing model that takes into account asymmetric long-term and shortterm tax rates for positive capital gains and limited tax deductibility of capital losses. In contrast to the existing literature, this model can help explain why many investors not only defer shortterm capital losses to long term but also defer large long-term capital gains and losses. Because the bene...
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ژورنال
عنوان ژورنال: Review of Financial Studies
سال: 2015
ISSN: 0893-9454,1465-7368
DOI: 10.1093/rfs/hhv024