The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk … managerial advice. It considers dierential wage and capital income taxes, a comprehensive income tax, incomplete loss offset …

We propose a model consistent with two observations. First, the tax rates adopted by different countries are generally … their growth performance. In our model, the effects of taxation on growth are highly non-linear. Low or moderate tax rates … have a very small impact on long-run growth rates. But as tax rates rise, their negative impact on growth rises …

In this paper, we re-examine the standard analysis of the short-run effect of a personal tax cut. If consumer spending … generates more money demand than other components of GNP, then tax cuts may, by increasing the demand for money, depress … aggregate demand. We examine a variety of evidence and conclude that the necessary condition for contractionary tax cuts is …

In estimating the effects of capital income taxation, different studies measure different effective tax rates. This … paper categorizes effective tax rate estimates into six basic types, and discusses the usefulness of each. For marginal … effective tax rates, some studies estimate the additional taxes associated with a marginal increase in the inflation and …

Over 75% of Federal tax revenue is raised through the income tax and FICA taxes. The potential effects on labor supply … years significant legislative changes have occurred with respect to taxation of labor: the 25% tax cuts,indexation,the tax … of taxes on labor supply and which analyzes the likely effects of tax law changes on labor supply and economic welfare …

The theory of international macroeconomics shows that domestic tax policy in a global economy affects foreign economic … a tractable quantitative framework for assessing tax policies that is consistent with this theory. The significance of … conditions via complex, dynamic interactions through relative prices, tax revenues, and wealth distribution. This paper proposes …

Tax reforms are sometimes touted to have strong macroeconomic growth effects. We consider the impact of a major tax … historical record of the U.S. economy to evaluate whether tax cuts have been associated with economic growth. The second is to …-level studies of labor supply, investment demand, and productivity growth. Our results suggest modest effects, on the order of 0 …

In this paper, we summarize recent advances in the study of effects of tax policy on the fixed investment decisions of … long-run tax policy that favors business investment spending …