Using a VAT to Reform the Income Tax (January 27, 2012) This paper analyzes the revenue, spending, distributional and incentive effects of Michael Graetz’s proposal to remove many individuals from the income tax rolls, reduce individual and corporate rates, and maintain deficit neutrality by adopting a value-added tax (VAT).
Tax Rates on Capital Gains (January 25, 2012) Roberton Williams examines the history of capital gains tax rates over the past century.