The assumption of firm-level profit maximization is frequently used to show that firms cannot shift a tax on economic profits in the short run. It is the purpose of this paper to show that the traditional assumption of firm-level profit maximization does not preclude short-run shifting of a...

This paper reports on an application of the microsimulation method to the estimation of income tax collections for the State of North Carolina. Detailed forecasts of Income distribution make it Possible to model the law in nearly complete detail. The model provides quarterly forecasts of...

Circuit-breaker (C-B) legislation is legislation designed to give property tax relief to the elderly under formulas that involve state financing of the burden of tax loss, rather than letting it rest on local governments. At least 24 states have adopted such legislation in the past few years and...