Economic Effects of Fundamental Tax ReformThe tax system profoundly affects countless aspects of private behavior. It is a powerful policy influence on the distribution of income and it is the one aspect of government that almost every citizen cannot avoid. With tax reform high on the political agenda, this book brings together studies of leading tax economists and lawyers to assess the various reform proposals and examine the effects of tax reform in several distinct areas. Together, these studies and comments on them present a balanced evaluation of professional opinion on the issues that will be critical in the tax reform debate. The book addresses annual and lifetime distributional effects, saving, investment, transitional problems, simplification, home ownership and housing prices, charitable groups, international taxation, financial intermediaries and insurance, labor supply, and health insurance. In addition to Henry Aaron and William Gale, the contributors include Alan Auerbach, University of California, Berkeley; David Bradford, Princeton University; Charles Clotfelter, Duke University; Eric Engen, Federal Reserve; Don Fullerton, University of Texas; Jon Gruber, Massachusetts Institute of Technology; Patric Hendershott, Ohio State; David Ling, University of Florida; Ronald Perlman, Covington & Burling; Diane Lim Rogers, Congressional Budget Office; John Karl Scholz, University of Wisconsin; Joel Slemrod, University of Michigan; and Robert Triest, University of California, Davis. |
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after-tax price Armey-Shelby assumptions Auerbach behavior benefits billion calculations capital gains capital income charitable compliance costs consumption tax contributions corporate income tax current tax system debt decline demand distribution dollars earnings Economic effective tax rates effects of tax efficiency gains EITC elasticity eliminate employer employer-provided health insurance employer-provided insurance Engen equity estimates exemptions existing assets federal financing flat tax fundamental tax reform house prices households incentives increase individual insurance coverage interest rates Internal Revenue Service investment itemized deductions labor supply lifetime income LTVs marginal tax rate mortgage interest deduction nonprofit owner-occupied housing parameter payroll tax pension percent percentage points plans precautionary saving property tax Rabushka rate of return reduce relative retail sales tax revenue sales tax simulations spending tax base tax burdens tax changes tax subsidy tax treatment taxation taxpayers transition relief USA tax value-added tax wage tax workers