Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10013480769
This paper tests several competing models of municipal bond market equilibrium. It analyzes the influence of changes in both personal and corporate tax reforms on the yield spread between taxable and tax-exempt interest rates. The findings suggest that changes in personal income tax rates have...
Persistent link: https://www.econbiz.de/10012477619
This paper investigates the effect of specific features of the U.S. capital gains tax on turn-of-the-year stock returns. It focuses on two tax changes. The first, enacted in 1969, reduced the fraction of long-term losses that were deductible from Adjusted Gross Income from 100 percent to 50...
Persistent link: https://www.econbiz.de/10012472195
This paper sketches how the tax reforms of the 1980s affected the incentives and distortions associated with tax policy toward housing markets. There are three principal conclusions. (1) Reductions in marginal tax rates, particularly for high-income households, reduced the tax-induced distortion...
Persistent link: https://www.econbiz.de/10012475018
The tax changes of the 1980s altered the incentives for housing consumption. Marginal tax rate reductions in both the Economic Recovery Tax Act (1981) and the Tax Reform Act (1986) reduced the attraction of homeownership, particularly at high income levels. The Tax Reform Act, by lowering...
Persistent link: https://www.econbiz.de/10012475767
Executors of estates for decedents in 2010 could choose between an estate tax regime and a basis carry-over regime. For most executors, this created a tradeoff between a current estate tax payment and a future capital gains tax liability for beneficiaries who inherited assets with...
Persistent link: https://www.econbiz.de/10012455958
This paper catalogues policies that have been deployed by jurisdictions seeking to mitigate the effects of tax competition. There are many instruments in this policy arsenal, since the tax base associated with a particular tax instrument may be affected by multiple policy choices, including some...
Persistent link: https://www.econbiz.de/10014468289
and Federal Revenues -- 4 Does It Pay, at the Margin, to Work and Save? Measuring Effective Marginal Taxes on Americans …
Persistent link: https://www.econbiz.de/10012674369