Tax Policy Center


George A. Plesko

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Research report

This paper documents the increased role of pass-through entities and the associated decline in use of the taxable corporate form since the Tax Reform Act of 1986 (TRA86) and discusses implications for the design of tax policy. We show how significant reductions in the corporate tax rate, absent...

February 5, 2014
George A. PleskoEric Toder
Research report

A perpetual policy debate surrounds the proper taxation of capital gains. One concern is that the tax creates a "lock-in effect." That is, people will hold onto assets longer than they otherwise would in order to avoid the tax. If significant, the lock-in effect would represent an undesirable...

October 28, 2002
Leonard E. BurmanGeorge A. Plesko