We provide new data on capital gains realizations using a five-year stratified panel of taxpayers covering 1985-1989. We find, as earlier studies have, that capital gains realizations are very concentrated among the highest income groups. We use these data and data from the Federal Reserve Board...

Cross-border mergers and acquisitions data show that for the first time since 2013, the dollar share of outbound transactions — that is, acquisitions by U.S. companies of foreign assets and companies — exceeded inbound transactions — that is, acquisitions by foreign companies of U.S....