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effective tax rates, some studies estimate the additional taxes associated with a marginal increase in the inflation and … interest rates, while others estimate the additional taxes associated with a marginal increase in investment. Because there are …
Persistent link: https://www.econbiz.de/10012477979
Although supply side theory may have been obvious to economists, it instigated a major change in the nature of tax policymaking through marginal rate cuts in both the Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986. Also, the 1981 bill was the culmination of an era in which...
Persistent link: https://www.econbiz.de/10012475519
When comparing marginal costs and benefits of a public project, most economists think in terms of adding together the marginal costs of production plus marginal costs of additional distortionary taxation. This paper clarifies how the "revenue effect" offsets the "distortionary effect." For...
Persistent link: https://www.econbiz.de/10012475520
Although art museums do not pay any substantial taxes, they are greatly affected by various U.S. tax rules. The …
Persistent link: https://www.econbiz.de/10012475654
added significantly to business taxes. Was there any unifying theme to these tax changes, or do they represent frequent … the net effects on efficiency of each of these changes in capital income taxation. Under the new view that dividend taxes … generate improvements in efficiency. Under the old view that dividend taxes are important, however, these changes all increase …
Persistent link: https://www.econbiz.de/10012476477