Capital Gains Taxes and the Realization of Capital Gains and Losses — Evidence from German Income Tax Data

2013 ◽  
Vol 69 (1) ◽  
pp. 30 ◽  
Author(s):  
Martin Jacob
Keyword(s):  
Income Tax ◽  
Capital Gains ◽  
Capital Gains Taxes ◽  
Gains And Losses

scholarly journals The Impact of Capital Gains Tax Treatments on Optimal Livestock Enterprise Selection

1980 ◽  
Vol 12 (2) ◽  
pp. 139-145
Author(s):  
John T. Pounder ◽  
Richard A. Schoney ◽  
Gustof A. Peterson
Keyword(s):  
Income Tax ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Preferential Treatment ◽  
Short Term ◽  
Tax Rate ◽  
Federal Income Tax ◽  
Gains And Losses ◽  
The Impact

Current income tax provisions bear little resemblance to those enacted by the original law, the Revenue Act of 1913. Because of the progressive nature of the federal income tax, a need for special provisions for capital gains was recognized. In 1921, gains from the sale or disposition of capital assets and certain other capital items were identified and taxed differently from income from other sources. The capital gains provisions resulted in the separation of ordinary and capital gains income.Gains and losses from the sale or exchange of a capital asset and other capital items are classified as either short- or long-term, depending on the period of time the property is held. Income from items held for less than the required period is taxed as ordinary income. Income from items held for longer than the required period receive preferential treatment only if the net long-term gain exceeds the net short-term capital loss. If long-term capital gains are realized, 60 percent of the excess gain is claimable as a deduction; the remaining 40 percent of the net gain is taxed at the taxpayer's ordinary tax rate. If the net short-term capital gain exceeds the net long-term loss, 100 percent of the excess is taxable at the normal rate.

Federal Income Tax: Capital Gains and Losses

1935 ◽  
Vol 49 (2) ◽  
pp. 262
Author(s):  
Homer Hendricks
Keyword(s):  
Income Tax ◽  
Capital Gains ◽  
Federal Income Tax ◽  
Gains And Losses

scholarly journals Learning The Ropes: An Introductory Tax Return Case

2011 ◽  
Vol 7 (1) ◽  
Author(s):  
Kevin E. Flynn ◽  
Lori R. Fuller ◽  
Peter Oehlers
Keyword(s):  
Income Tax ◽  
Capital Gains ◽  
Income Taxation ◽  
Internal Revenue Service ◽  
Complex Case ◽  
The Internet ◽  
Extant Literature ◽  
Federal Income Tax ◽  
Standard Deduction ◽  
Gains And Losses

In extant literature, there are few tax return cases appearing in journals.  We present a complex case using a realistic scenario that is designed to be an introductory tax return assignment used in an individual federal income taxation course.  The case is designed to teach students how to manually prepare a federal income tax return using the actual forms and schedules prepared by the Internal Revenue Service (IRS).  This case is timely for two reasons.  1) Often tax return assignments in textbooks involve concepts that a student has yet to learn.  For example, a textbook assignment often includes itemized deductions and credits, even though these topics are typically taught towards the end of an individual tax course.  2) In addition, with the availability of information on the internet, students have greater access to solutions to textbook assignments.  This case comprehensively examines concepts typically covered in the first three or four chapters of an individual tax text: various types of income, exclusions, personal and dependency exemptions, capital gains and losses, and the standard deduction. 

CAPITAL GAINS, CONSUMPTION, CAPITAL GAINS TAXES AND THE SUPPLY OF SAVING [with REJOINDER]

1966 ◽  
Vol 19 (4) ◽  
pp. 434-440
Author(s):  
ROGER NILS FOLSOM ◽  
HENRY C. WALLICH
Keyword(s):  
Capital Gains ◽  
Capital Gains Taxes

Taxation Issues for Digital Financial Assets

2021 ◽  
pp. 089443932110039
Author(s):  
Viktor Shestak ◽  
Alla Kiseleva ◽  
Yuriy Kolesnikov
Keyword(s):  
Russian Federation ◽  
Income Tax ◽  
Legal Regulation ◽  
Capital Gains ◽  
International Standards ◽  
Financial Assets ◽  
State Budget ◽  
The Russian Federation ◽  
Digital Assets ◽  
Tax Accounting

The objective of the study is to determine the status of a digital financial asset and the features of its taxation in the Russian Federation and progressive countries. Currently, there are three main taxation models that are used in this area: income tax, corporate income tax, and capital gains tax. The article explores the prospects for introducing the experience of foreign countries in the Russian Federation. The possible changes that may occur in tax regulation are analyzed. The experience of leading countries in the field of legal regulation of the use of digital financial assets and the taxation of cryptocurrency transactions is analyzed. Such an analysis will allow Russia to keep pace with countries with a leading economy and at the same time increase state budget revenue through taxation of cryptocurrency transactions. The study provides an analysis of the conceptual scenarios of digital income taxation and objects of taxation in the process of cryptocurrency creation. The study critically assesses possible options for applying international standards for tax accounting of digital assets. Groups of problematic issues that arise in the tax accounting of digital assets are developed. The prospect of further research is the development of tax accounting methods for each of the established entities for the creation and circulation of digital financial assets in accordance with accounting objects.

The Effect of Tax Reform on the Dairy Farmer

1973 ◽  
Vol 2 (2) ◽  
pp. 80-88
Author(s):  
E.L. LaDue ◽  
W.R. Bryant
Keyword(s):  
Low Income ◽  
Income Tax ◽  
Tax Reform ◽  
Capital Gains ◽  
Dairy Farmer ◽  
Competitive Disadvantage ◽  
Tax Loss ◽  
Tax Accounting

Recent Congressional testimony has focused on the desirability of eliminating certain income tax “preferences” that are important in agriculture. Specifically, separate proposals have urged that capital gains treatment pertaining to livestock, vineyards and orchards be eliminated and that the cash method of tax accounting no longer be permitted. The justification for these proposals is based on the continued activity of wealthy individuals in tax loss or tax sheltered farming, despite provisions of the Tax Reform Act of 1969 to limit such ventures. Furthermore, it is argued that these tax preferences result in a greater subsidy to the high tax bracket individual than low tax bracket individual and thus place low income bonafide farmers at a competitive disadvantage which could force them out of business.

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