National Tax Journal articles from December 2003

National Tax Journal archives from December 2003

The Work Opportunity and Welfare-to-Work tax credits: participation rates among eligible workers.
December 1, 2003... INTRODUCTION Recent changes in American public assistance programs have been based on the notion that the government should "make work pay" for the disadvantaged. Many attempts to alleviate poverty and increase employment among the poor...

Evidence on the incidence of residential property taxes across households.
December 1, 2003... INTRODUCTION Property taxes have always been the primary tax of local governments in the U.S. (Wallis, 2001). For fiscal year 1999, local governments in the U.S. collected total tax revenues of $316 billion, with property tax revenues...

Does the Social Security earnings test affect labor supply and benefits receipt?
December 1, 2003... INTRODUCTION On April 7, 2000, President Clinton signed into law the "Senior Citizens Freedom to Work Act of 2000, which eliminated the unpopular earnings test that applied to those over the Social Security normal age of retirement...

Coveting thy neighbors' taxation.
December 1, 2003... INTRODUCTION "Give me $3 worth so I can get to Maryland." --a gasoline customer to a local service attendant in the District of Columbia (Richburg, 1980). The quote above describes what was a common story in the...

Nonprofit taxable activities, production complementarities, and joint cost allocations.
December 1, 2003... INTRODUCTION Nonprofit organizations are becoming a large and important sector of society. In 1995, the revenues of nonprofits amounted to more than 12 percent of Gross Domestic Product (Meckstroth and Arnsberger, 1998). In exchange for...

Public disclosure of corporate tax return information: accounting, economics, and legal perspectives.(Forum on Public Disclosure of Corporate Tax Returns)
December 1, 2003... INTRODUCTION On July 8, 2002, while attention was still focused on alleged corporate misdeeds of Enron, WorldCom, and other major U.S. corporations, Senator Charles Grassley (RIA), then the ranking member and currently the chairman of the...

What can we infer about a firm's taxable income from its financial statements?(Forum on Public Disclosure of Corporate Tax Returns)
December 1, 2003... INTRODUCTION The short answer: Usually, not much. A common method of estimating taxable income from financial statements is to gross-up the current portion of the tax expense on the income statement by the statutory tax rate. (1) This...

Bridging the reporting gap: a proposal for more informative reconciling of book and tax income.(Forum on Public Disclosure of Corporate Tax Returns)
December 1, 2003... INTRODUCTION The usefulness of publicly available data is dependent on its relation to the non-publicly available information it is intended to convey. Hanlon (2003b) suggests that current financial accounting rules are inadequate to...

Property-Tax Exemption for Charities: Mapping the Battlefield.(Book Review)
December 1, 2003... Edited by EVELYN BRODY. Washington, DC: The Urban Institute Press, 2002, pp. 408. In some form, property that charities own and use to carry out their missions is exempt from taxation in all fifty states and the District of Columbia....

Property Taxation and Local Government Finance.(Book Review)
December 1, 2003... Edited by WALLACE E. OATES. Cambridge, Massachusetts: Lincoln Institute of Land Policy, 2001, pp. 345. Property Taxation and Local Government Finance lives up to its name, providing an excellent introduction to both property taxes and...