Attempts to determine how responsive capital gains realizations are to tax rates.

Presents results of a tax policy opinion survey sent out on April 28, 1994 to the 1309 American and Canadian individual members of the National Tax Association. Compares results to those found in a similar study conducted in 1934 by the Tax Policy League. Analyzes the results of the 1994 study...

Most models of optimal taxation with mobility deal only with real mobility, in the sense that moving out of a jurisdiction’s tax base entails a physical movement. But often escaping a jurisdiction’s tax net does not necessarily entail any physical movement, is often an avoidance (or even...

In the aftermath of the recent financial crisis, a variety of taxes on financial institutions have been proposed or enacted. The justifications for these taxes range from punishing those deemed to have caused or unduly profited from the crisis, toaddressing the budgetary costs of the crisis, to...

Because the response of taxable income to the income tax rate captures all of the responses to taxation, it holds the promise of more accurately summarizing the marginal efficiency cost of taxation than a narrower measure of taxpayer response such as the labor supply elasticity. The promise...

Political debate over the estate tax has been growing; this article provides an overview of estate and gift taxes, examines equity and incidence issues and the efficiency of transfer taxes, and discusses administrative aspects of the estate and gift tax.

In this paper, I use data from an exceptionally detailed survey of attitudes toward taxation in the United States to investigate the relative importance of one particular misconception—that high–income people would pay more tax under an apparently regressive reform, mostly because many...

This paper argues that who remits tax may be an important aspect of implementing a tax system, in spite of standard economic analysis that maintains that which side of a taxed market remits is completely irrelevant. The irrelevance proposition does not apply in the presence of avoidance and...

This article develops a simulation model of a growing economy where house-holds make life cycle consumption decisions and also choose whether to own or rent housing. A major feature of the model is that newly formed households face a down-payment constraint which may limit the amount of housing...

The purpose of the research reported here was to see whether the accumu-lated evidence since 1979 is consistent with the hypothesis that the capital gains tax cuts in the Revenue Act of 1978 caused an increased volume of stock transactions. Transactions volume on the New York Stock Exchange,...