Abstract
This paper draws on data from many sources to examine the nature of both capital gains realized by taxpayers and those taxpayers themselves. The data show that high-income taxpayers realize the overwhelming majority of capital gains, but that, over a ten-year period, nearly a third of taxpayers report a capital gain on their tax returns. Even a larger percentage own assets that might generate capital gains. Sales of corporate stock account for more gains than sales of any other asset. Most capital gains arise from returns with many sales and large capital gains. After adjustment for inflation, most capital gains disappear.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 427-451 |
| Number of pages | 25 |
| Journal | National Tax Journal |
| Volume | 50 |
| Issue number | 3 |
| State | Published - Sep 1997 |
| Externally published | Yes |
Fingerprint
ASJC Scopus subject areas
- Accounting
- Economics and Econometrics
- Finance
Cite this
Capital gains and the people who realize them. / Burman, Leonard; Ricoy, Peter D.
In: National Tax Journal, Vol. 50, No. 3, 09.1997, p. 427-451.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Capital gains and the people who realize them
AU - Burman, Leonard
AU - Ricoy, Peter D.
PY - 1997/9
Y1 - 1997/9
N2 - This paper draws on data from many sources to examine the nature of both capital gains realized by taxpayers and those taxpayers themselves. The data show that high-income taxpayers realize the overwhelming majority of capital gains, but that, over a ten-year period, nearly a third of taxpayers report a capital gain on their tax returns. Even a larger percentage own assets that might generate capital gains. Sales of corporate stock account for more gains than sales of any other asset. Most capital gains arise from returns with many sales and large capital gains. After adjustment for inflation, most capital gains disappear.
AB - This paper draws on data from many sources to examine the nature of both capital gains realized by taxpayers and those taxpayers themselves. The data show that high-income taxpayers realize the overwhelming majority of capital gains, but that, over a ten-year period, nearly a third of taxpayers report a capital gain on their tax returns. Even a larger percentage own assets that might generate capital gains. Sales of corporate stock account for more gains than sales of any other asset. Most capital gains arise from returns with many sales and large capital gains. After adjustment for inflation, most capital gains disappear.
UR - http://www.scopus.com/inward/record.url?scp=0037634688&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0037634688&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:0037634688
VL - 50
SP - 427
EP - 451
JO - National Tax Journal
JF - National Tax Journal
SN - 0028-0283
IS - 3
ER -