000			01996nab a2200253 c 4500
999			_c143634 _d143634
003			ES-MaIEF
005			20210222115212.0
007			ta
008			210222t2021 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_957579 _aGelfand, Matthew
245			_aCapital gains harvesting with changing tax rates _banother update _c Matthew D. Gelfand
260			_c2021
500			_aDisponible también en formato electrónico.
500			_aResumen.
520			_aWith the change in Administrations, it seems quite likely that higher tax rates will be a subject of much discussion in 2021. The discussion likely will include tax rates on realized capital gains. Candidate Joe Biden expressed interest in raising the highest-bracket, regular income tax rates to levels that prevailed during the Obama Administration, 39.6 percent, and changing capital gains to regular taxation. These combined changes would bring the capital gains tax rate on high-income earners to the highest level ever. This article updates previous work on investing decisions in the face of changing tax rates. It quantifi es the trade-off that capital investors face between realizing capital gains sooner and paying taxes earlier than necessary but at current low tax rates, versus continuing to hold otherwise attractive assets in order to compound gains further but potentially being subject to future high tax rates. The trade-off depends on how high new tax rates might climb and how long investors might expect to hold their capital assets in the absence of tax rate changes. The article provides numerical examples based on specifi c tax change scenarios.
650		4	_943197 _aPLUSVALIAS
650			_aIMPUESTOS _947460
650		4	_948570 _aTIPOS DE GRAVAMEN
650		4	_948067 _aPOLITICA FISCAL
650		4	_aESTADOS UNIDOS _942888
773	0		_9164367 _oOP 235/2021/2 _tJournal of Taxation of Investments _w(IEF)51921 _x 0747-9115 _gv. 38, n. 2, Winter 2021, p. 51-59
942			_cART