股票投资炒股技术教程资本利得税股市失真和财政政策的启示CapitalGainsTaxStockMarketDistortionandImplicationsforFiscalPolicy课件PPT.pptVIP

CapitalGainsTaxStockMarketDistortionandImplicationsforFiscalPolicyO.MikhailECO6226Summer2006JonThorpe

WhatistheCapitalGainsTax?ThetaxpaidonappreciatedassetsthataresoldforaprofitbyindividualsLongtermgains–thoseheldmorethanayear–receivepreferentialtreatment

CurrentRates

JobsandGrowthReconciliationActof2003

EffectiveMay6,2003TaxBracketShortTermLongTerm10%10%5%15%15%5%25%25%15%28%28%15%33%33%15%35%35%15%

StockMarketDistortionThe“Lock-InEffect”Investorsholdtheirappreciatedassetstoqualifyforpreferentiallong-termtreatmentortoav