This paper examines the 1989–1993 publicly available financial reports of 46 U.S.-based multinationals to estimate the revenue implications of implementing a U.S. federal formula apportionment system. Ignoring behavioral responses, we estimate shifting to an equal-weighted, three-factor...

This paper generalizes the standard model of how taxes affect the labor-leisure choice by allowing individuals to change both their labor supply and avoidance effort in response to tax changes. Doing so reveals that the income and substitution effect of taxes depend on both preferences and the...

In this essay we review the evidence from marketing research about price presentation of consumer products and discuss how these lessons have been applied--consciously or unconsciously--in the design of the U.S. tax system. Our perspective is that, in most situations, the designers of the tax...