Despite a brief upturn in the early- to mid-1990s, the profits of nonfinancial corporations have dropped dramatically as a percentage of GDP in recent decades and are near an all-time low. Does this mean that owners of corporate capital are worse off? Not necessarily. The owners of corporations...
Critics of the elimination of the double taxation of corporate dividends point to budgetary and distributional concerns as reasons to oppose corporate-personal income tax integration. The criticisms do not, however, mean that integration represents bad tax policy.
When policy makers decide that they are going to grant a temporary write-off for new capital investments, they essentially conclude that its macroeconomic advantages exceed other alternatives. However, incentive effects apply more powerfully to established or old business than to new business...
Despite the generosity of Americans most of the needs of individuals are not met through transfers made through charities; thus, charities must choose whom they'll serve.
Depreciation policy seems to be back on the table for the first time since the mid-1980s, so it's again timely to ask: What are the best depreciation policies for the nation?
When a nonprofit engages in business activities unrelated to its nonprofit purposes, taxability is usually not a question of choice; various laws and regulations require that the organization pay taxes on this income and, typically, on sales and property. For related activities, however, a...
The Remarkable Constancy in the Income Share of Corporate Capital
Despite a brief upturn in the early- to mid-1990s, the profits of nonfinancial corporations have dropped dramatically as a percentage of GDP in recent decades and are near an all-time low. Does this mean that owners of corporate capital are worse off? Not necessarily. The owners of corporations...
Corporate Integration: Think Twice About the Possibilities
Critics of the elimination of the double taxation of corporate dividends point to budgetary and distributional concerns as reasons to oppose corporate-personal income tax integration. The criticisms do not, however, mean that integration represents bad tax policy.
Can Policymakers Time the Ending of Macroeconomic Incentives?
When policy makers decide that they are going to grant a temporary write-off for new capital investments, they essentially conclude that its macroeconomic advantages exceed other alternatives. However, incentive effects apply more powerfully to established or old business than to new business...
Can Policymakers Time the Ending of Macroeconomic Incentives?
This brief considers focuses on the ending of temporary investment incentives.
Can Policymakers Time the Ending of Macroeconomic Incentives?
Should policymakers use capital expense deductions to help stabilize the economy?
Charities and Disaster Relief
This brief focuses on using public finance principles to allocate relief funds.
Charities and Relief
Despite the generosity of Americans most of the needs of individuals are not met through transfers made through charities; thus, charities must choose whom they'll serve.
Is it Time to Rationalize Depreciation Policy?
Depreciation policy seems to be back on the table for the first time since the mid-1980s, so it's again timely to ask: What are the best depreciation policies for the nation?
When Nonprofits Conduct Exempt Activities as Taxable Enterprises
When a nonprofit engages in business activities unrelated to its nonprofit purposes, taxability is usually not a question of choice; various laws and regulations require that the organization pay taxes on this income and, typically, on sales and property. For related activities, however, a...
Peggy's Rules: Peggy McConkey And the Meaning of Public Service
Senior Fellow Eugene Steuerle describes standards of public service excellence set by a Treasury employee, Peggy McConkey.