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Do high taxes lock-in capital gains?: Evidence from a dual income tax system
Dalarna University, School of Technology and Business Studies, Economics. Ratio Institute, Stockholm.
Dalarna University, School of Technology and Business Studies, Economics.
2010 (English)In: Public Choice, ISSN 0048-5829, E-ISSN 1573-7101, Vol. 145, no 1-2, 25-38 p.Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
2010. Vol. 145, no 1-2, 25-38 p.
Keyword [en]
capital gains realizations; tax avoidance; tax policy; panel data
National Category
Economics
Research subject
Komplexa system - mikrodataanalys
Identifiers
URN: urn:nbn:se:du-10474DOI: 10.1007/s11127-009-9526-8ISI: 000281013700002OAI: oai:DiVA.org:du-10474DiVA: diva2:542761
Available from: 2012-08-03 Created: 2012-08-03 Last updated: 2015-09-14Bibliographically approved

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Daunfeldt, Sven-OlovRudholm, Niklas
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CiteExportLink to record
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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • chicago-author-date
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  • Other style
More styles
Language
  • de-DE
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  • nn-NB
  • sv-SE
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  • asciidoc
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