This study has two objectives. First, it seeks to apply a hedonic pricing model to determine whether property taxes have been capitalized into the prices of single family homes located within in the Savannah Historic Landmark District in Savannah, Georgia. A total of 593 home sales over the...

This study empirically investigates the impact of AFDC (welfare) policies, per capita property taxation, and per capita local government spending on net in-migration by race to SMSAs for the period 1965-1970. The empirical results imply that black migrants on average are attracted to SMSAs with...

This theoretical note proves a theorem on income tax rates. In particular, it proves that if the marginal utility of income is declining as income rises and if the relationship is represented by a rectangular hyperbola, under the equal proportional sacrifice principle, the tax rate will always...

Using panel data for OECD nations for the period 2003-2009, the fixed-effects estimations in this study all provide strong support for the three central hypotheses considered here, namely: (1) the standard of living in a nation, measured in this study as the level of purchasing-power-parity...

This study empirically investigates whether the performance of the S&P 500 stock index, whose performance is treated as a surrogate for the performance of domestic stock/equity markets generally, influences the Presidential approval rating. After allowing for a variety of political factors and...

This study empirically investigates the hypothesis that the lower the public’s job approval rating of the U.S. President, the higher the degree of aggregate federal personal income tax evasion in the U.S. Using annual data on aggregate federal personal income tax evasion for the period...

This empirical study seeks to provide evidence identifying key factors that have influenced per residential customer electricity consumption in the U.S. during recent years. This empirical analysis takes the form of P2SLS (panel two-stage least squares) estimations. State-level data are adopted...

This study empirically investigates the determinants of aggregate federal personal income tax evasion in the U.S. using the most current IRS data available. In 2010, the IRS released a new series on personal income tax evasion data running through the year 2005. Using this new data, the present...

This theoretical model demonstrates that there is an excess burden from potential theft similar to that which results from an indirect tax with some positive probability of payment. In addition, the model shows that potential theft creates a bias for consumption to drift away from "steal-able"...