National Tax Journal articles from December 1995

National Tax Journal archives from December 1995

The incidence of differential commercial property taxes: empirical evidence.
December 1, 1995... INTRODUCTION In the literature of property taxation (Netzer, 1966; Aaron, 1975; Hamilton, 1976; Mieszkowski, 1972), the incidence of the residential property tax has received enormous scholarly attention, but the incidence of the local...

A fundamental objection to tax equity norms: a call for utilitarianism.
December 1, 1995... INTRODUCTION This paper is concerned with the normative principles that should guide tax policy assessment. The simplest and most studied norm is utilitarianism, which favors whatever regime produces the greatest total utility. However, most...

Sales tax compliance and audit selection.
December 1, 1995... INTRODUCTION The general sales tax remains the single-most important revenue source for state governments in the United States, representing 24.7 percent of own-source tax revenues in fiscal year 1993.(1) Noncompliance with the sales tax is...

The effect of deficit finance on human capital.
December 1, 1995... INTRODUCTION In the voluminous literature on deficit finance only one study, Drazen (1978), considered the consequence on human capital accumulation. Given the tremendous interest on the effect of deficit finance on physical capital...

The marriage tax and the rate and timing of marriage.
December 1, 1995... INTRODUCTION Much has been made over time of the existence of a marriage tax and subsidy. This literature has focused on the issue of the equity of a marriage tax and the proper tax treatment of a married couple relative to unmarried...

Does the income tax affect marital decisions?
December 1, 1995... It is now widely documented that marital decisions can have a significant impact on individuals' income taxes, via what has come to be called the marriage tax or marriage subsidy. It is also widely accepted that economic factors play an...

A note on estimating cross-border effects of state cigarette taxes.
December 1, 1995... Arbitrage Opportunities across political jurisdictions, cross-border effects, are created by substantial differences in state exercise tax rates. With low transportation tax rates, the cross-border problem with costs and wide variation in state...

Life under a personal consumption tax: some thoughts on working, saving and consuming in Nunn-Domenici's tax world.(Symposium on Alternatives to the Income Tax)
December 1, 1995... To tax plans old and new, I bring the certainty of a famous New Yorker cartoon.(1) Three staff members are reporting to their senator. The senior staffer sums up: "Sir, we've come to the conclusion that it's absolutely impossible to assemble a...

Living with the flat tax.(Symposium on Alternatives to the Income Tax)
December 1, 1995... The flat tax replacement for the current federal income tax - proposed by Hall and Rabushka,(1) and endorsed by House Majority Leader Dick Armey(2) and Senator and Presidential aspirant Arlen Specter(3) - has attracted support from scholars and...

The international implications of consumption tax proposals.(Symposium on Alternatives to the Income Tax)
December 1, 1995... Several of the current tax reform proposals would replace the U.S. income tax system with a consumption tax. This paper examines how recognizing the international mobility of goods and capital may change the results of a closed economy analysis...

The Economic Effects of Taxing Capital Income.
December 1, 1995... Jane Gravelle has written an up-to-date overview of the theory and practice of capital income taxation in the United States. The book combines her strengths as a scholarly economist writing for academic journals with her day-to-day experience as...

Property Taxes and Tax Revolts: The Legacy of Proposition 13.
December 1, 1995... For many, Proposition 13 symbolizes a new era in American fiscal politics, an era of tax and spending limitations. For Californians, it is more than a symbol. It is a powerful force that has transformed the financing and organization of all...