Citations (1)



Inflation and Capital Gains

Bruce Bartlett


June 2, 1997

Tax Notes, Vol. 75, No. 9, 1997

All tax theorists recognize that capital gains taxes ought to apply only to real gains; that is, those that are adjusted for inflation. This has never been the case in American history. As a consequence, a considerable portion of inflationary gains have been taxed as if they are real, according to numerous studies. Historically, Congress has excluded a portion of gains from taxation as compensation for the effects of inflation.

Number of Pages in PDF File: 4

Keywords: inflation, capital gains, Jacob Viner, Richard Goode, Richard Musgrave, Joseph A. Pechman, Robert M. Haig, H.C. Simons

JEL Classification: H20, K34

Open PDF in Browser Download This Paper

Date posted: September 9, 2012  

Suggested Citation

Bartlett, Bruce, Inflation and Capital Gains (June 2, 1997). Tax Notes, Vol. 75, No. 9, 1997. Available at SSRN: https://ssrn.com/abstract=2143878

Contact Information

Bruce Bartlett (Contact Author)
Independent ( email )
Feedback to SSRN

Paper statistics
Abstract Views: 510
Downloads: 37
Citations:  1