PRELIMINARY DRAFT Capital Gains Taxation and Entrepreneurship
نویسندگان
چکیده
This draft is quite preliminary so I look forward to our meeting. For me, writing this draft has raised a number of questions about what institutional features of the tax system might explain why the Survey of Consumer Finance data indicates a large stock of unrealized capital gains on actively-managed businesses, but the capital gains on such businesses seem to be relatively modest in the Statistics of Income data. I am currently working on updating the SCF data to use the 2007 data (instead of 2004); based on preliminary tabulations, the more recent data tell a similar story to the older data. I am also in the process of extending the empirical results of Gompers and Lerner that are mentioned in footnote 30 – I hope to be able to report on the results by the end of the month.
منابع مشابه
Capital Gains Taxation and Entrepreneurship
The taxation of capital gains is a perennial issue in tax policy. One critical aspect for understanding the overall effects of capital gains taxation is how these taxes affect entrepreneurs. While many analyses focus on the disincentive effects created by capital gains taxes for investors in large corporations, these disincentives may be even more important for entrepreneurs. This paper discuss...
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