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- Title
"Taxes and Entrepreneurial Risk-Taking: Theory and Evidence for the U.S.".
- Authors
Mawani, Amin
- Abstract
The article discusses findings of the study "Taxes and Entrepreneurial Risk-Taking: Theory and Evidence for the U.S.," which determined the degree to which the tax system affects the amount of entrepreneurial activity in the U.S. Risk taking is being encouraged due to the fact that risk sharing can help minimize the risk premium of an entrepreneur. On the other hand, it is also discouraged due to progressive personal tax rates that impose higher tax rates to large income. Usually, taxpayers are reluctant to sell assets since the capital gains tax is triggered when an appreciated capital property is sold.
- Subjects
UNITED States; TAXATION; ENTREPRENEURSHIP; TAX administration &; procedure; RISK sharing; RISK premiums; CAPITAL gains tax
- Publication
Canadian Tax Journal / Revue Fiscale Canadienne, 2007, Vol 55, Issue 4, p947
- ISSN
0008-5111
- Publication type
Article