Toward a Consumption Tax, and Beyond

Roger Gordon
Roger Gordon Laura Kalambokidis Jeffrey Rohaly Joel Slemrod* Amid the academic debate about whether a tax based on consumption or income is superior, it has long been recognized that the U.S. federal tax system is in reality a hybrid of an income and consumption tax, with some elements that do not fit naturally into either system. In recent decades tax law changes that altered the nature of the hybrid were...


Calvin Johnson
Under current law the combination of tax preferences for timber means that timber investments are subject to less than zero tax. Tax accounting should describe the economic income from timber. This proposal would treat timber as an ordinary asset, require the capitalization of all costs incurred before harvest, and allow the capitalized costs to be recovered only under cost depletion. It would also tax and capitalize...

Developing an International Tax Policy Strategy for NAFTA Countries

Arthur J. Cockfield
On January 1, 1994, Canada, the United States, and Mexico formed the North American Free Trade Agreement to promote their economic interests by lowering barriers to international trade and investment. A concern exists that national tax differences harm or inhibit cross-border investment. Yet NAFTA is almost silent regarding tax measures. For the most part, the tax treatment of cross-border trade and investment flows...

Americans and their “Wheels”: A Tax Policy for Sustainable Mobility

Mona Hymel
Mona L. Hymel* and Beth S. Wolfsong** “[I]mposing a tax - any tax - is both powerful and manipulative.”[1] Economists, lawyers, environmentalists, other policy makers and scholars have written extensively about the use and benefits of economic instruments, such as taxes, to affect behavior that harms the environment. Tax incentives and subsidies have long played a key role in the development of fossil fuels,[2]...

Getting Into the Act: Enticing the Consumer to Become Green Through Tax Incentives

Mona Hymel
Written by: Roberta F. Mann and Mona L. Hymel Editors’ Summary: Surveys show that the public will choose green alternatives if given the chance, yet average consumers are not making environmentally friendly choices in their everyday lives. In this Article, Profs. Roberta Mann and Mona Hymel examine this conundrum in the context of energy use and argue that well-designed tax incentives can encourage green behavior....

Do Rising Top Incomes Lift All Boats?

Dan Andrews
Written by: Dan Andrews, Christopher Jencks, Andrew Leigh I. Introduction Research on the relationship between economic inequality and growth expanded rapidly during the 1990s. Initially, several studies suggested that inequality was bad for subsequent growth, but these studies were based on comparisons between countries with different initial levels of inequality, not comparisons between changes in inequality and...

Catalogue of legal authority addressing the federal definition of tax partnership

Bradley T. Borden
I. INTRODUCTION The following Table of Legal Authority Addressing the Federal Definition of Tax Partnership presents a summary of numerous statutes, cases, regulations, and rulings (the legal authority) that address the federal definition of tax partnership. The Table is a work-in-progress.[1] Nonetheless, it may serve a useful purpose in its current unfinished condition. The Table is the byproduct of a law review...

Experimental Evidence of Tax Framing – Effects on the Work/Leisure Decision

David Gamage
David Gamage Andrew Hayashi (Correspondence Author) Davis Polk & Wardwell LLP Brent K. Nakamura, University of California, Berkeley, Jurisprudence & Social Policy Program Keywords: Experiment, Framing, Labor Supply, Taxation Abstract The choice between a set of alternatives often depends on how those alternatives are described, as well as their actual economic costs and benefits. We report results...

“The Unequal Taxation of Equals” in a Consumption Tax World?

Lester Snyder
A. Overview of Consumption Taxes 1. A Cash-Flow Consumption-Type Tax: Integrated Into the Current IncomeTax An income tax purportedly taxes savings twice: once when the money is earned, and again when the amount saved earns interest in later years. This has been shown to discriminate against those who postpone their personal consumption until future years.[1 ] One way to resolve this is by changing our federal income...

A Technical Analysis of Proposed Section 710

Howard Abrams
I. Introduction Representative Charles B. Rangel (D-NY), Chairman of the House Committee on Ways and Means, introduced on October 25, 2007, a comprehensive tax reform bill (H.R. 3970) which includes proposed new section 710 of the Internal Revenue Code. This provision also has been included in the Temporary Tax Relief Act of 2007 (H.R. 3996), introduced by Chairman Rangel on October 30, 2007. Proposed section 710...
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