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Author: Billy Tauzin
Publisher:
ISBN: 9781579803087
Category : Income tax
Languages : en
Pages : 196
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Book Description
Author: Billy Tauzin
Publisher:
ISBN: 9781579803087
Category : Income tax
Languages : en
Pages : 196
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category : Sales tax
Languages : en
Pages : 31
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Book Description
This paper addresses a technical issue regarding the national retail sales tax: what would the required tax rate be? The paper develops four principal results. First, as long as real federal revenues and real federal spending are maintained in the transition to a sales tax, the required sales tax rate does not depend on whether federal purchases are subject to tax or whether consumer prices rise after the sales tax is imposed. Second, H.R. 25, a recent legislative proposal, would replace the existing income, corporate, payroll, and estate and gift taxes with a 23 percent tax-inclusive (30 percent tax-exclusive) sales tax on almost all private consumption, a significant portion of household interest payments, and all federal, state, and local government non-education purchases, and would provide households with payments to offset taxes on consumption up to the poverty line. Third, with plausible allowances for avoidance, evasion, and tax exemptions for some private consumption and some state and local purchases, both the required tax rates and the revenue loss from imposing a sales tax at 23 percent tax-inclusive rate climb significantly higher. Fourth, the commonly-cited 23 percent tax-inclusive rate in H.R. 25 was derived using a set of assumptions about changes in the price level that are not consistent with each other and that lead to an estimated tax rate that is systematically and substantially too low.
Author: Daniel R. Feenberg
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Daniel Feenberg
Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 62
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This paper describes a new household-level data file based on merged information from the IRS Individual Tax File, the Current Population Survey, the National Medical Expenditure Survey, and the Consumer Expenditure Survey. This new file includes descriptive data on household income as well as consumption. The data file can be linked to the NBER TAXSIM program and used to evaluate the distributional effects of changing the federal income tax code, as well as the distributional effects of replacing the individual income tax with a consumption tax. We use this data file to analyze the long-run distributional effects of adopting a national retail sales tax that raises enough revenue to replace the current federal individual income tax and corporation income tax, as well as federal estate and gift taxes. Our results highlight the sensitivity of the change in distributional burdens to provisions such as lump sum transfers, sometimes called demogrants, ' the retail sales tax plan, and to the choice between income and consumption as a basis for categorizing households in distribution tables
Author:
Publisher:
ISBN:
Category : Sales tax
Languages : en
Pages : 42
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Author: Gregg A. Esenwein
Publisher:
ISBN:
Category : Flat-rate income tax
Languages : en
Pages : 0
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Author: United States Tax Research Division. Treasury Department
Publisher:
ISBN:
Category : Sales tax
Languages : en
Pages : 208
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Author: United States. Department of the Treasury. Division of Tax Research
Publisher:
ISBN:
Category : Sales tax
Languages : en
Pages : 184
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Author: Gregg A. Esenwein
Publisher:
ISBN:
Category : Flat-rate income tax
Languages : en
Pages : 21
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Author: Clinton V. Oster
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 272
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Book Description
