In "100 Million Unnecessary Returns," Michael Graetz, professor of law at Columbia University, proposed sweeping tax reform that would remove most current taxpayers from the income tax rolls, reform the corporate income tax, significantly reduce the top individual and corporate rates, and adopt...
Measuring the size of government is not simple. Standard measures omit important aspects of government action such as the many deductions, credits, and other tax preferences used to influence resource allocation. We argue that many tax preferences are effectively spending. Traditional measures...
Leaders in both parties appear to favor revenue-neutral corporate tax reform that would lower today's 35 percent tax rate while slashing corporate tax breaks. Individual tax reform appears much more contentious, so some observers wonder whether Congress might pursue corporate tax reform by...
There are several justifications for the corporate tax, including the claim that the corporate tax enhances progressivity in the tax code. This claim is based on two assumptions. One, that corporate tax incidence is primarily borne by capital (as opposed to labor); and two, that capital is...
Updated Tables for "Using a VAT to Reform the Income Tax"
In "100 Million Unnecessary Returns," Michael Graetz, professor of law at Columbia University, proposed sweeping tax reform that would remove most current taxpayers from the income tax rolls, reform the corporate income tax, significantly reduce the top individual and corporate rates, and adopt...
Tax Policy and the Size of Government
Measuring the size of government is not simple. Standard measures omit important aspects of government action such as the many deductions, credits, and other tax preferences used to influence resource allocation. We argue that many tax preferences are effectively spending. Traditional measures...
A Practical Challenge to Stand-Alone Corporate Tax Reform
Leaders in both parties appear to favor revenue-neutral corporate tax reform that would lower today's 35 percent tax rate while slashing corporate tax breaks. Individual tax reform appears much more contentious, so some observers wonder whether Congress might pursue corporate tax reform by...
Corporate Tax Incidence and Its Implications for Progressivity
There are several justifications for the corporate tax, including the claim that the corporate tax enhances progressivity in the tax code. This claim is based on two assumptions. One, that corporate tax incidence is primarily borne by capital (as opposed to labor); and two, that capital is...