The Capital Gains Timing Decision: A Quantitative Analysis.
本文构建了一个模型，帮助个人纳税人评估持有资产以获得长期资本利得待遇的决策，考虑了时间、货币时间价值、边际税率和替代最低税等因素。
Abstract A recent change in the long-term holding period for capital gains necessitates a reexamination of the capital gains timing decision. This paper presents a model for evaluating an individual taxpayer's decision to hold an asset for tong-term capital gain treatment. Factors included in the model are the time period involved, the time value of money, the marginal tax rate, and the taxpayer's alternative minimum tax position. Additionally, the impact of different gain recognition years and different long-tern holding periods on the model is analyzed. Surprisingly, under certain conditions, even with the higher effective tax rate, immediate short-term capital gain recognition may be preferable to long-term treatment.