|
000
| 01924cam 2200337za 4500 |
|---|
| 001 | 9.862980 |
|---|
| 003 | CaOODSP |
|---|
| 005 | 20221107161151 |
|---|
| 007 | cr ||||||||||| |
|---|
| 008 | 181010s1987 onc o f000 0 eng d |
|---|
| 040 | |aCaOODSP|beng |
|---|
| 041 | |aeng|bfre |
|---|
| 043 | |an-cn--- |
|---|
| 086 | 1 |aEC22-3/1987-321E-PDF |
|---|
| 100 | 1 |aGagnon, Jean-Marie. |
|---|
| 245 | 10|aOn calculating marginal tax rates from stock-market prices |h[electronic resource] / |cby Jean-Marie Gagnon, Jean-Marc Suret, and Denis Morissette. |
|---|
| 260 | |aOttawa : |bEconomic Council of Canada, |c1987. |
|---|
| 300 | |a60 p. |
|---|
| 490 | 1 |aDiscussion paper ; |vno. 321 |
|---|
| 500 | |a"March 1987." |
|---|
| 500 | |aDigitized edition from print [produced by the Publishing and Depository Services Directorate]. |
|---|
| 504 | |aIncludes bibliographic references. |
|---|
| 520 | |a"Models designed to infer marginal personal tax rates from price changes on ex-dividend days have been popular in the United States. We examine two of them, one by Elton and Gruber (1970) and the other one by Auerbach (198l), apply them to Canadian data, and examine the disaggregated results they yield. Performance is judged according to three criteria: plausibility of estimated tax rates, stability of tax clientele over time, and differences in rates attributed to stockholders in different tax brackets. Both models fail all three tests. We explain why they will probably never yield robust estimates, especially under tax laws such as the Canadian ones"--Summary. |
|---|
| 546 | |aIncludes summary in French. |
|---|
| 692 | 07|2gccst|aTaxes |
|---|
| 692 | 07|2gccst|aStock markets |
|---|
| 700 | 1 |aSuret, Jean-Marc. |
|---|
| 700 | 1 |aMorissette, Denis. |
|---|
| 710 | 2 |aEconomic Council of Canada. |
|---|
| 830 | #0|aDiscussion paper (Economic Council of Canada)|vno. 321|w(CaOODSP)9.855540 |
|---|
| 856 | 40|qPDF|s4.97 MB|uhttps://publications.gc.ca/collections/collection_2018/ecc/EC22-3-1987-321-eng.pdf |
|---|