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Capital Gains and the People Who Realize Them

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  • Burman, Leonard E.
  • Ricoy, Peter D.

Abstract

High-income taxpayers realize the overwhelming majority of capital gains, but over a 10-year period, one-third of U.S. taxpayers report gains on their tax returns. Sales of corporate stock account for more gains than sales of any other asset and most capitol gains arise from returns with many sales and large capitol gains.

Suggested Citation

  • Burman, Leonard E. & Ricoy, Peter D., 1997. "Capital Gains and the People Who Realize Them," National Tax Journal, National Tax Association;National Tax Journal, vol. 50(3), pages 427-451, September.
    • Handle: RePEc:ntj:journl:v:50:y:1997:i:3:p:427-51
    DOI: 10.1086/NTJ41789273
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    References listed on IDEAS

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    1. Slemrod,Joel, 1997. "Tax Progressivity and Income Inequality," Cambridge Books, Cambridge University Press, number 9780521587761, October.
    2. Constantinides, George M., 1984. "Optimal stock trading with personal taxes : Implications for prices and the abnormal January returns," Journal of Financial Economics, Elsevier, vol. 13(1), pages 65-89, March.
    3. Burman, Leonard E. & Clausing, Kimberly A. & O'Hare, John F., 1994. "Tax Reform and Realizations of Capital Gains in 1986," National Tax Journal, National Tax Association, vol. 47(1), pages 1-18, March.
    4. Burman, Leonard E. & Clausing, Kimberly A. & O'Hare, John F., 1994. "Tax Reform and Realizations of Capital Gains in 1986," National Tax Journal, National Tax Association;National Tax Journal, vol. 47(1), pages 1-18, March.
    5. Stiglitz, Joseph E., 1983. "Some aspects of the taxation of capital gains," Journal of Public Economics, Elsevier, vol. 21(2), pages 257-294, July.
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    Cited by:

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    2. Daniel Aaronson & Eric French, 2009. "The Effects of Progressive Taxation on Labor Supply when Hours and Wages Are Jointly Determined," Journal of Human Resources, University of Wisconsin Press, vol. 44(2).
    3. Gavin A. Wood & Peter A. Kemp, 2003. "The Taxation of Australian Landlords: Would the British Tax Treatment of Rental Investments Increase Tax Burdens if Introduced in Australia?," Urban Studies, Urban Studies Journal Limited, vol. 40(4), pages 747-765, April.
    4. Mintz, Jack & Smart, Michael, 2002. "Tax-exempt investors and the asset allocation puzzle," Journal of Public Economics, Elsevier, vol. 83(2), pages 195-215, February.
    5. Jennifer L. Blouin & Jana Smith Raedy & Douglas A. Shackelford, 2003. "Capital Gains Taxes and Equity Trading: Empirical Evidence," Journal of Accounting Research, Wiley Blackwell, vol. 41(4), pages 611-651, September.

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