Economics, Econometrics and Finance
4 years ago

Capital gains tax changes could impact national saving rates dramatically.

National Tax Journal
CAPITAL GAINS, CONSUMPTION, CAPITAL GAINS TAXES AND THE SUPPLY OF SAVING [with REJOINDER]
Roger Nils Folsom, Henry C. Wallich

Paper Summary

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The article explores how capital gains, consumption, capital gains taxes, and the supply of saving are interconnected. The researchers analyzed the impact of these factors on the economy. They found that changes in capital gains taxes can influence people's saving behavior and overall consumption patterns. This suggests that tax policies related to capital gains can have significant effects on the economy.