National Tax Journal articles from March 1995

National Tax Journal archives from March 1995

Tax reform and foreign acquisitions: a microanalysis.
March 1, 1995... We test the hypothesis, advanced by Scholes and Wolfson (1990), that the Tax Reform Act of 1986 (TRA 86) induced foreign acquisitions in the United States. Extending the prior literature examining the interrelation between domestic tax policy and...

Effects of the earned income tax credit on income and welfare.
March 1, 1995... INTRODUCTION In the last several years, the earned income tax credit (EITC) has been transformed from a relatively minor component of the U.S. welfare system into a program that will, by 1996 when the latest reform is fully phased in, have...

Changing ranks and the inequality impacts of taxes and transfers.
March 1, 1995... INTRODUCTION All inequality indices are silent about changes in the rankings of the population. Yet, the role of government policies in causing one individual to move ahead of another is controversial. Both value and technical questions arise....

The lotto and expected net revenue.
March 1, 1995... INTRODUCTION State-operated lotteries have become an important source of revenue for most state governments. Unlike other state-operated enterprises, the purpose of a state-operated lottery is to raise revenue, not to provide a service to the...

Vertical inequity in the taxation of real property.
March 1, 1995... INTRODUCTION Real property taxation has become a source of contention in a number of states in the United States. One reason for this, as Wassmer (1993) points out, is the high visibility of property taxes since they are assessed on what is...

Recent developments in the marriage tax.
March 1, 1995... We shouldn't disparage Marriage. But the IRS makes it expensive. Getting married ought to relax you, But it also increases the amount they tax you, Which makes many young pairs apprehensive. The Bible says that marriage is better than...

On Friedrich Hayek and taxation: rationality, rules, and majority rule.
March 1, 1995... INTRODUCTION The late Friedrich A. Hayek was one of the most distinguished economists of this century. Born and educated in Vienna, he became a leader in what is termed the "Austrian School," a branch of economics that, in contrast to...

A note on the tax-evading firm.
March 1, 1995... INTRODUCTION The tax evasion literature initiated by Allingham and Sandmo (1972) has mainly been concerned with the individual's decision to evade taxes through the underreporting of actual income. However, some attempts have recently been...

Professional opinions about tax policy: 1994 and 1934.
March 1, 1995... INTRODUCTION Tax professionals are not inclined to replace the graduated income tax as the backbone of the federal tax system or abandon the property tax and sales tax as important features of the local and state revenue systems. They do,...

What will the "NTA opinions" have to do with federal tax policy - 1995-6? (National Tax Association)(response to article by Joel Slemrod in this issue, p. 121)
March 1, 1995... Before addressing the question itself it is useful to start with an overview of the relation of NTA professionals to the seats of power. For several generations the opinion of NTA types has been moderately important to the Democratic...

Professional opinions about tax policy.(response to article by Joel Slemrod in this issue, p. 121)
March 1, 1995... Joel Slemrod has performed a valuable service for tax policy aficionados, both researchers and practitioners, by replicating and expanding Mabel Walker's 1934 survey of senior American public finance professors' opinions. His analysis of the...

Retooling Social Security for the 21st Century: Right and Wrong Approaches to Reform.
March 1, 1995... As the Clinton administration's massive policy response to the health care "crisis" is whittled away to piecemeal (or no) reform, the attention of policymakers may soon turn to another "crisis": fiscal imbalance in the Social Security (SS)...