National Tax Journal articles from June 2005

National Tax Journal archives from June 2005

The estate tax and charitable bequests: elasticity estimates using probate records.
June 1, 2005... INTRODUCTION The federal estate tax allows a deduction for every dollar bequeathed to charitable organizations. By effectively lowering the relative price of charitable bequests, the deduction provides future decedents with a strong...

Participation and compliance with the earned income tax credit.
June 1, 2005... INTRODUCTION As the nation's largest cash transfer program for low and moderate income families, the U.S. Earned Income Tax Credit (EITC) delivers over $38 billion annually to nearly 22 million households. The program has been heralded for...

Are property tax limitations more binding over time?
June 1, 2005... INTRODUCTION In July 1991, Illinois enacted a limit on the growth rate of property tax revenues for some, but not all, local jurisdictions in the Chicago metropolitan area. The "tax cap," as it is known in Illinois, initially affected...

Net marginal social security tax rates over the life cycle.
June 1, 2005... INTRODUCTION In an exhaustive and influential study, Feldstein and Samwick (1992) document a substantial variation in net marginal social security tax rates across age, sex, dependency status, retirement plans and income. Although workers...

Assessing the distributive impact of a revenue - neutral shift from a uniform property tax to a two-rate property tax with a uniform credit.
June 1, 2005... INTRODUCTION The United States has a long history of depending upon property taxation to help pay for local government services, and that fiscal tradition continues to this day. During 2000-01, for example, property taxes comprised 72.9...

Comment on Desai and Hines, "old rules and new realities: corporate tax policy in a global setting".(response to Mihir A. Desai and James R. Hines Jr., National Tax Journal, vol. 57, p. 937, December 2004)
June 1, 2005... INTRODUCTION In the December 2004 issue of the National Tax Journal, Desai and Hines claim that the current U.S. tax burden on foreign income is in the neighborhood of $50 billion a year." This is, of course, in addition to the foreign...

Reply to Grubert.(response to article by Harry Grubert in this issue, p. 263)
June 1, 2005... The increasingly global nature of American business activity implies that the future of the U.S. corporate income tax hinges on its complicated international tax provisions. Current U.S. provisions for taxing foreign income, and much of the...

The economic winners and losers of legalized gambling.
June 1, 2005... INTRODUCTION In the past three decades, legalized gambling in the United States has grown from a limited activity to one that is extremely commonplace. Gambling in some form is now legal in every state except Hawaii and Utah. Gallup data...

Casino taxation in the United States.
June 1, 2005... INTRODUCTION Casino gambling is a fast-growing industry around the world, leading many governments to believe that casinos are important potential sources of public revenue. The American Gaming Association (2004) reports that 443...

Michigan at the Millennium: A Benchmark and Analysis of Its Fiscal and Economic Structure.(Book Review)
June 1, 2005... Michigan at the Millennium: A Benchmark and Analysis of Its Fiscal and Economic Structure. Edited by CHARLES L. BALLARD, PAUL N. COURANT, DOUGLAS C. DRAKE, RONALD C. FISHER, and ELISABETH R. GERBER. East Lansing: Michigan State University...