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A New Carryover Tax Basis Regime for Marketable Securities

15 Pages Posted: 29 Mar 2017  

Jay A. Soled

Rutgers University

James Alm

Tulane University

Kathleen DeLaney Thomas

University of North Carolina School of Law

Date Written: February 13, 2017

Abstract

In this report, the authors propose a limited carryover tax basis regime that would be restricted to marketable securities owned at death. They argue that their proposal would promote equity and raise an estimated $10 billion in annual revenue without raising tax rates.

Keywords: Taxation, Tax Policy, Carryover Basis

JEL Classification: H20, H22, H24, H27, H29, K34

Suggested Citation

Soled, Jay A. and Alm, James and Thomas, Kathleen DeLaney, A New Carryover Tax Basis Regime for Marketable Securities (February 13, 2017). Tax Notes, Vol. 154, No. 7, Feb. 2017; UNC Legal Studies Research Paper No. 2932272. Available at SSRN: https://ssrn.com/abstract=2932272

Jay Soled (Contact Author)

Rutgers University ( email )

1 Washington Park
Newark, NJ 07901-1825
United States
(973) 353-1727 (Phone)

James Alm

Tulane University ( email )

United States
5048628344 (Phone)

Kathleen DeLaney Thomas

University of North Carolina School of Law ( email )

Van Hecke-Wettach Hall, 160 Ridge Road
CB #3380
Chapel Hill, NC 27599-3380
United States
919-843-7630 (Phone)

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