Few issues in tax policy are as divisive as the capital gains tax. Should capital gains--the increase in value of assets such as stocks or businesses--be taxed at all? If so, when should they be taxed--when they are earned, or when they are realized? Should taxes be adjusted for inflation? And should gains be taxed at both the individual and corporate levels? In this book, Leonard Burman cuts through the political rhetoric to present the facts about capital gains. He begins by explaining the complex rules that govern the ...

The Labyrinth of Capital Gains Tax Policy: A Guide for the Perplexed 1999, Brookings Institution Press, Washington, DC

ISBN-13: 9780815712701