Do high taxes lock-in capital gains? Evidence from a dual income tax system

被引：10

作者：

Daunfeldt, Sven-Olov ^{[1
]}

Praski-Stahlgren, Ulrika ^{[2
]}

Rudholm, Niklas ^{[3
]}

机构：

[1] Ratio Inst, S-10364 Stockholm, Sweden

[2] Univ Gavle, Dept Econ, S-80176 Gavle, Sweden

[3] Dalarna Univ, Dept Econ, S-78188 Borlange, Sweden

来源：

PUBLIC CHOICE | 2010年 / 145卷 / 1-2期

关键词：

Capital gains realizations; Tax avoidance; Tax policy; Panel data; REALIZATIONS; PERMANENT; TAXATION; REVENUE; MODEL;

D O I：

10.1007/s11127-009-9526-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The purpose of this paper is to study whether investors' willingness to realize capital gains falls when the marginal tax rate on capital gains is raised. We use a rich register-based panel data set covering almost 8% of the Swedish population. The results indicate that a 10% increase in capital gains tax rate reduces the number of realizations of capital gains with 8.7% and the realized amount, given the decision to realize, with 1.9%. In addition, we find that wealthy individuals seem to respond more to changes in capital gains tax rates than less-wealthy.

引用

页码：25 / 38

页数：14

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