LOCK-IN EFFECT WITHIN A SIMPLE MODEL OF CORPORATE STOCK TRADING
- 1 March 1990
- journal article
- research article
- Published by University of Chicago Press in National Tax Journal
- Vol. 43 (1) , 75-94
- https://doi.org/10.1086/ntj41788826
Abstract
This article presents an overview of a simple simulation model of the lock-in effect of the capital gains tax on trading corporate stock. The results of simufations of several policy changes are reported; the policies include a 15 percent flat capital gains tax rate, President Bush's 1989 capital gains tax cut proposal, and taxation of accrued capital gains at deathKeywords
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