National Tax Journal articles from March 2004

National Tax Journal archives from March 2004

The use of an econometric model for estimating aggregate levels of property tax assessment within local jurisdictions.
March 1, 2004... Most states conduct assessment-sales ratio studies. These studies involve using property sales samples to estimate the level of property tax assessment (LOA) within local jurisdictions, where the LOA is defined as the overall ratio of assessed...

Errors-in-variables and estimated income and price elasticities of charitable giving.
March 1, 2004... Many important tax policy debates hinge on how responsive individuals are to taxes. For example, the efficacy of the U.S. federal income tax deduction for charitable contributions depends, at least in part, on the magnitude of the price...

Macroeconomic implications of the earned income tax credit.
March 1, 2004... The effectiveness of fiscal policy is typically assessed along two dimensions. One is the degree of macroeconomic stimulus associated with a particular plan to raise or lower taxes or spending, and the other is the policy's impact on the...

Charitable giving and charitable gambling: an empirical investigation.
March 1, 2004... Recent decades have witnessed a rapid increase in charitable gaming. Some have suggested that this means that conventional donations to charity will fall. Until now, no one has examined empirically the joint decisions facing individuals...

Do foreign multinationals' tax incentives influence their U.S. income reporting and debt policy?
March 1, 2004... Foreign multinationals have significantly expanded their operations in the United States. Despite their strong presence, the tax-reporting behavior of foreign-controlled corporations (FCCs) is not well understood. Concerns regarding the low...

The 2002 downturn in state revenues: a comparative review and analysis.(Forum: State and Local Fiscal Crisis)
March 1, 2004... INTRODUCTION Is the state budget crisis that had its origins in the economic expansion of the late 1990s and the recession that began in 2001 sui generis or simply a variant of recent state budget cycles? This is a key issue in assessing...

State revenue cyclicality.(Forum: State and Local Fiscal Crisis)
March 1, 2004... INTRODUCTION The recent fiscal crisis in state budgeting is, in part, related to the downturn in economic activity that has affected most states in the last several years. First, here is a brief look at some numbers that establish the...

Institutions, tax structure and state-local fiscal stress.(Forum: State and Local Fiscal Crisis)
March 1, 2004... INTRODUCTION In fiscal year 1999, state and local governments in the U.S. ran a current surplus of 32 billion dollars. By the first quarter of 2002 (2002 Q1), the sector had fallen into a deficit of $55 billion (NIPA basis, annual rate)....