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Does Deductibility Influence Local Taxation?

Inman, Robert P. - 2021

Recent proposals to reform the U.S. tax code all contain significant reforms of the cufrent provision allowing for the deductibility of state and local taxes.This paper examines the effect of deductibility reform on the revenue decisions of the largest U.S. cities. The analysis of eight...

Persistent link: https://www.econbiz.de/10013242931

Federal Deductibility and Local Property Tax Rates

Holtz-Eakin, Douglas; Rosen, Harvey S. - 2021

In current discussions of tax reform in the United States, there is considerable controversy concerning the effects of allowing individuals to deduct state and local taxes when calculating their federal income tax liability. Recent econometric work has suggested that federal deductibility of...

Persistent link: https://www.econbiz.de/10013246513

The Deductibility of State and Local Taxes : Impact Effects by State and Income Class

Feenberg, Daniel R.; Rosen, Harvey S. - 2022

This paper provides careful estimates of the impact of removing the deductibility of state and local taxes by state andby income class. We show how deductibility affects marginal and average tax rates for both state and federal tax systems. One striking result is that combined federal income tax...

Persistent link: https://www.econbiz.de/10013322860

The Property Tax as a Coordinating Device : Financing Indiana'S Mammoth Internal Improvement System, 1835 to 1842

Wallis, John Joseph - 2021

The state of Indiana set out to build a Mammoth system of canals, railroads, and turnpikes in 1836, after a decade of intense debate in which sectional rivalries prevented any state action. This paper investigates the role played by the adoption of an ad valorem property tax in ameliorating the...

Persistent link: https://www.econbiz.de/10013227788

Fiscal Unions

Werning, Iván - 2012

operation. The constrained efficient risk sharing arrangement can be implemented by contingent transfers within a fiscal union …

Persistent link: https://www.econbiz.de/10013102600

Corrupting Learning : Evidence from Missing Federal Education Funds in Brazil

Ferraz, Claudio - 2012

This paper examines if money matters in education by looking at whether missing resources due to corruption affect student outcomes. We use data from the auditing of Brazil's local governments to construct objective measures of corruption involving educational block grants transferred from the...

Persistent link: https://www.econbiz.de/10013105003

Macro Fiscal Policy in Economic Unions : States as Agents

Carlino, Gerald A. - 2013

. We examine the historical experience of federal government transfers to state and local governments and their impact on … incorporates federal intergovernmental transfers, disaggregated into project (e.g., infrastructure) aid and welfare aid, as …. First, aggregate federal transfers to state and local governments are less stimulative than are transfers to households and …

Persistent link: https://www.econbiz.de/10013074275

Endowments, Fiscal Federalism, and the Cost of Capital for States : Evidence from Brazil, 1891-1930

Martinez, Andre - 2010

In the last few years there has been an explosion in the number of papers that aim to explain what determines country risk (defined as the difference between the yield of a sovereign's bonds and the risk free rate). In this paper, we contribute to the discussion using by showing that Brazilian...

Persistent link: https://www.econbiz.de/10013150649

Investing Outside the Box : Evidence from Alternative Vehicles in Private Capital

Lerner, Josh - 2018

This paper undertakes a comprehensive analysis of alternative investment vehicles in private equity, using unexplored custodial data about 112 limited partners over four decades. We differentiate between alternative vehicles that are GP-directed versus those where the LP has some discretion. Of...

Persistent link: https://www.econbiz.de/10012912171

Fiscal Rules, Bailouts, and Reputation in Federal Governments

Dovis, Alessandro - 2017

Expectations of transfers by central governments incentivize overborrowing by local governments. In this paper, we ask …

Persistent link: https://www.econbiz.de/10012945158