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Auerbach, Alan J.; Hines Jr., James R. - 2021

(subject to achieving other government objectives). It starts with a review of the theory and practice of deadweight loss …

Persistent link: https://www.econbiz.de/10013228969

The Theory of Excess Burden and Optimal Taxation

Auerbach, Alan J. - 2021

study of optimal tax theory. A main objective of this exercise is to uncover the interrelationships among various apparently … the effects of technology. Included in the presentation of optimal tax theory is a section on tax reform, as well as an … application of the theory to the case where uncertainty is present …

Persistent link: https://www.econbiz.de/10013232177

Perfect Taxation with Imperfect Competition

Auerbach, Alan J.; Hines Jr., James R. - 2021

This paper analyzes features of perfect taxation also known as optimal taxation when one or more private markets is imperfectly competitive. Governments with perfect information and access to lump-sum taxes can provide corrective subsidies that render outcomes efficient in the presence of...

Persistent link: https://www.econbiz.de/10013211642

The Choice between Income and Consumption Taxes : A Primer

Auerbach, Alan J. - 2010

tax and to discuss what theory and evidence have told us and could tell us about these issues …

Persistent link: https://www.econbiz.de/10012761327

A New Measure of Horizontal Equity

Auerbach, Alan J.; Hassett, Kevin A. - 2021

In this paper, we propose a new measure of horizontal equity that overcomes many of the shortcomings of previous proposed measures. Our starting point is the observation that a well-behaved social welfare function need not evaluate global' (vertical equity) differences in after-tax income using...

Persistent link: https://www.econbiz.de/10013237932

Evaluating the Taxation of Risky Assets

Auerbach, Alan J. - 2010

This paper explores the taxation of risky assets, both from the theoretical perspective of optimal taxation and from the practical one of measuring quot;thequot; tax rate on an asset when, as under existing practice, its stochastic returns are subject to differential tax treatment across states...

Persistent link: https://www.econbiz.de/10012763102

Uncertainty and the Design of Long-Run Fiscal Policy

Auerbach, Alan J.; Hassett, Kevin A. - 2021

This paper explores optimal fiscal policy in an overlapping-generations general-equilibrium model under uncertainty and the impact on optimal policy of the introduction of a type of policy stickiness intended to account for the stylized fact that major reforms happen infrequently. In general,...

Persistent link: https://www.econbiz.de/10013237552

Demystifying the Destination-Based Cash-Flow Tax

Auerbach, Alan J. - 2017

This paper describes the Destination-Based Cash-Flow Tax (DBCFT), as proposed in 2016 by Republicans in the US House of Representatives, and its potential economic effects. As a new approach and a major departure from the existing business tax system, the DBCFT and its motivation have been...

Persistent link: https://www.econbiz.de/10012946488

The Significance of Federal Taxes as Automatic Stabilizers

Auerbach, Alan J.; Feenberg, Daniel R. - 2021

Using the TAXSIM model for the period 1962-95, we consider the federal tax system's impact as an automatic stabilizer. Despite the many changes in the tax system, there has been relatively little change in its role as an automatic stabilizer. We estimate that individual federal taxes offset...

Persistent link: https://www.econbiz.de/10013224178

U.S. Inequality, Fiscal Progressivity, and Work Disincentives : An Intragenerational Accounting

Auerbach, Alan J. - 2016

This study combines the 2013 Federal Reserve Survey of Consumer Finances data and the Fiscal Analyzer, a highly detailed life-cycle consumption-smoothing program, to a) measure ultimate economic inequality – inequality in lifetime spending power – within cohorts, b) assess fiscal...

Persistent link: https://www.econbiz.de/10012996890