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Also by Leonard Burman:

Taxes In America, December 2012
Paperback
The Labyrinth of Capital Gains Tax Policy, May 1999
Hardcover

Also by Rose Prendeville:

Maggie and the Pirate's Son, August 2024
Paperback
The Labyrinth of Capital Gains Tax Policy, May 1999
Hardcover

THE LABYRINTH OF CAPITAL GAINS TAX POLICY
By: Leonard Burman, Rose Prendeville

A Guide for the Perplexed

Brookings Institution Press
May 1999
196 pages
ISBN: 0815712707
Hardcover
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Non-Fiction

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 taxation of capital gains, examines the kinds of assets that produce them, and the factors that can lead to gains or losses. He then reviews the effects of capital gains taxation on saving and investment and considers the arguments for and against indexing capital gains taxes for inflation, as well as other options for altering the current system.

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Marketplace - PRI - December 20, 2005