The Impact Of The Taxpayer Relief Act Of 1997 On Housing Turnover In The Us Single Family Residential Market PDF Download
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Author | : Gary Painter |
Publisher | : |
Total Pages | : |
Release | : 2013 |
Genre | : |
ISBN | : |
Download The Impact of the Taxpayer Relief Act of 1997 on Housing Turnover in the US Single Family Residential Market Book in PDF, ePub and Kindle
The Taxpayer Relief Act of 1997 (TRA97) replaced a one-time, post- age 55 capital gain exclusion with a larger gain exclusion amount that could be protected every two years without requiring that the taxpayer trade up in housing. This action had the potential to impact housing transactions for every existing homeowner, regardless of age, as well as future purchasers of housing. We analyze household-level data to determine if the repeated ability to exclude periodic recognized capital gains on housing from taxation shortened housing tenure significantly after TRA97 became effective. We next consider whether the decline was heterogeneous across age groups, across trading up and trading down, and across geography. Given that the impact of the Act appears at first glance to be most profound for taxpayers close to 55 years of age, a somewhat surprising result of our research is that significant decreases in tenure are pervasive, appearing in all age ranges and in samples of homeowners who trade up and who trade down. Finally, we provide additional evidence at the aggregate level that TRA97 led to measurable changes in the price elasticity of housing turnover in the four geographic regions defined by the U.S. Census Bureau (Northeast, Midwest, South and West) and in states that are home to large metropolitan housing markets.
Author | : Andrea Heuson |
Publisher | : |
Total Pages | : 33 |
Release | : 2011 |
Genre | : Capital gains tax |
ISBN | : |
Download The Impact of the Taxpayer Relief Act of 1997 on Housing Turnover in the U.S. Single Family Residential Market Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 62 |
Release | : 1998 |
Genre | : Capital gains tax |
ISBN | : |
Download Linking Tax Law and Sustainable Urban Development Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 204 |
Release | : 1997-10-13 |
Genre | : Business & Economics |
ISBN | : |
Download The Taxpayer Relief Act 1997 Book in PDF, ePub and Kindle
The Taxpayer Relief Act of 1997 is now law. What are these new tax changes? How will they affect businesses and individuals? This comprehensive guide answers these critical questions and more, with a thorough review of the principal provisions of the legislation and how they will impact everything from capital gains and estimated taxes to IRAs, estates, gifts, and trusts. The experts at Coopers & Lybrand have harnessed the detailed analytical and interpretative skills their clients depend on to give CPAs, financial planners, and consumers the vital information they need to navigate these complex provisions with confidence. Inside you'll find: Indispensable planning tools for capitalizing on opportunities and minimizing negative consequences of the tax act Observations, examples, and tips—crucial hands-on help for working with the new rules Easy-reference charts and tables with instant summaries of key information Effective dates of tax law changes—essential data for successful planning And much more.
Author | : Byron Lutz |
Publisher | : DIANE Publishing |
Total Pages | : 51 |
Release | : 2011-05 |
Genre | : Business & Economics |
ISBN | : 1437940021 |
Download Housing Crisis and State and Local Government Tax Revenue Book in PDF, ePub and Kindle
State and local government tax revenues dropped steeply following the most severe housing market contraction since the Great Depression. The authors identify five main channels through which the housing market affects state and local tax revenues: property tax revenues, transfer tax revenues, sales tax revenues, and personal income tax revenues. They find that property tax revenues do not tend to decrease following house price declines. The other four channels have had a relatively modest effect on state tax revenues. These channels jointly reduced tax revenues by $15 billion from 2005 to 2009, which is about 2% of total state own-source revenues in 2005. Charts and tables. This is a print on demand publication.
Author | : James Monke |
Publisher | : |
Total Pages | : 36 |
Release | : 1998 |
Genre | : Farms |
ISBN | : |
Download The Taxpayer Relief Act of 1997 Book in PDF, ePub and Kindle
Author | : United States. Congress. House. Committee on Appropriations. Subcommittee on District of Columbia Appropriations |
Publisher | : |
Total Pages | : 1214 |
Release | : 2000 |
Genre | : Business & Economics |
ISBN | : |
Download District of Columbia Appropriations for 2000 Book in PDF, ePub and Kindle
Author | : Jerald David August |
Publisher | : American Bar Association |
Total Pages | : 566 |
Release | : 1998 |
Genre | : Law |
ISBN | : |
Download The Taxpayer Relief Act of 1997 Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 0 |
Release | : 1997 |
Genre | : Tax planning |
ISBN | : |
Download The Taxpayer Relief Act of 1997 Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 1836 |
Release | : 1997 |
Genre | : Law |
ISBN | : |
Download RIA's Complete Analysis of the Taxpayer Relief Act of 1997 (and Other Budget Tax Provisions) Book in PDF, ePub and Kindle
The book contains RIA's complete analysis of H.R. 2014, the Taxpayer Relief Act of 1997 ('97 Act), and of the tax provisions of both H.R. 2015, the Balanced Budget Act of 1997, and of H.R. 1226, the Taxpayer Browsing Protection Act (Privacy Act). It also contains the text of the Internal Revenue Code sections that were amended by any of these Acts, and committee reports relating to the above tax provisions.