{"content":[{"text":"Research Question: How does taxation affect the \n realization of capital gains?","bbox":{"left":0.023438,"top":0.022997,"width":0.860136,"height":0.131166}},{"text":"Capital income is very unequally distributed but \n economically important","bbox":{"left":0.138258,"top":0.225648,"width":0.64389,"height":0.10030399999999998}},{"text":"Estimating elasticity of capital gains realizations is \n important for: \n calculating optimal tax rates on capital \n measure effects of tax reforms on government revenue","bbox":{"left":0.138258,"top":0.365318,"width":0.7084699999999999,"height":0.2043430000000001}},{"text":"An empirical question with wide range of estimates \n capital income is easy to manipulate ⇒ likely to be elastic \n But: perhaps manipulations are of short-term nature while ‘real’ economic \n responses are small \n Goal: separate real versus avoidance responses","bbox":{"left":0.138258,"top":0.612987,"width":0.774736,"height":0.25404400000000005}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}