from taxes on intermediate inputs or consumer goods, and derives a practical alternative to this formula. We use an … analytically tractable general equilibrium model to reveal how interactions with pre-existing taxes in other markets critically … affect the excess burden of new taxes on intermediate inputs or consumer goods. The usual excess-burden formula ignores these …

and income taxes; (b) make wealth taxes less efficient relative to capital income taxes, at given rates of tax; (c) reduce …

Higher corporate taxes reduce corporate business operations, replacing them with operations by noncorporate businesses … higher corporate taxes can increase income inequality even when the corporate tax burden falls entirely on capital owned …

structural vector autoregressions show that lower taxes and higher government purchases can boost output, it is difficult to …

The hypothesis that decreases in taxes reduce future government spending is often cited as a reason for cutting taxes …. However, because taxes change for many reasons, examinations of the relationship between overall measures of taxation and …