The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains
NBER Working Paper No. 250 (Also Reprint No. r0147)
This study provides the first econometric analysis of the effect of taxation on the realization of capital gains. The analysis thus extends and complements the earlier study by Feldstein and Yitzhaki  of the effect of taxation on the selling of corporate stock. The present analysis, using a large, new body of data obtained from individual tax returns, supports the earlier finding that corporate stock sales are quite sensitive to tax rates and then shows that the effect on the realization of capital gains is even stronger.
Document Object Identifier (DOI): 10.3386/w0250
Published: "The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains" The Quarterly Journal of Economics, Vol. CXIV No. 4, pp. 777-791, (June 1980). (NOTE: Reprint 147 is based on BOTH W0250 and W0257). citation courtesy of