Corporate income is taxed twice, once at the entity level and then taxed once again at the shareholder level. In addition, the corporate tax system favors debt over equity financing of capital expenditures; corporations are able to deduct interest on borrowed funds, unlike the return to equity....

An extensive body of the literature has examined the determinants of individual giving to charity. Indeed, the role of the personal income tax continues to attract considerable attention. In contrast, very few have explored the effects of taxes on corporate giving. This article represents an...

In this article, we empirically gauge the government revenue-expenditure nexus for a state. Employing Granger-causality and vector autoregression techniques, our stylized results indicate that state revenues cause state expenditures. Furthermore, we find that federal grants are not a significant...