on transfers and public goods are each integrated into a common optimal tax framework with the income tax and commodity … taxes at the core. Additional topics addressed include a range of dynamic issues, the unit of taxation, tax administration … and enforcement, and tax equity …

Over three-quarters of US taxpayers receive income tax refunds, indicating tax prepayments above the level of tax … this behavior: precautionary behavior in light of tax uncertainty and/or a forced savings motive. I present evidence on a … third explanation: inertia. I find that tax filers only partially adjust tax prepayments in response to changes in default …

The trends in executive pay and labor income tax rates since the 1940s suggest a high elasticity of taxable income with … respect to tax policy. By contrast, the level and structure of executive compensation have been largely unresponsive to tax … incentives since the 1980s. However, the relative tax advantage of different forms of pay was small during this period. Using a …

This paper investigates the effect of entrepreneurs' personal income tax situations on their use of labor. We analyze … the income tax returns of a large number of sole proprietors before and after the Tax Reform Act of 1986 and determine how … the substantial reductions in marginal tax rates associated with that law affected their decisions to hire labor and the …

Fundamental tax reform is examined in a heterogeneous overlapping-generations (OLG) model in which agents face … is used to rigorously examine efficiency gains over the transition path. A progressive income tax is replaced with a flat … consumption tax (for example, a value-added tax or a national retail sales tax). If shocks are insurable (that is, no risk), this …

We examine the effect of the 1996 Tax Reform Act on the labor supply of affluent men. The Act reduced marginal tax … variables, we find essentially no responsiveness of the hours of work of high-income men to the tax reduction. However, we do …

green tax reforms and consumption tax reforms using both annual income and lifetime income approaches to rank households. A … modest tax reform in which environmental taxes equal to 10% of federal receipts are collected has a negligible impact on the … income distribution when the funds are rebated to households through reductions in the payroll tax and personal income tax …

As a tax base, 'consumption' is sometimes argued to be less fair than 'income' because the benefits of not taxing … capital income. Indeed, relative to an income tax, a consumption tax exempts only the tax on the opportunity cost of capital …. In contrast to a pure income tax, a consumption tax replaces capital depreciation with capital expensing. This change …

Changes in tax policy can affect all aspects of the economy. Not only do firms and individuals change behavior … optimal' previously, changes in response to a tax reform affect welfare and should be taken into account when designing tax … as private, behavioral responses for tax policy. In particular, we assume that government officials favor expenditure (or …

, rather than merely output effects. Distributional issues are also discussed. Simulations are done for the Kemp-Roth tax … for an equal yield progressive linear income tax …