The Case for Replacing Investment Income Taxes with an Annual Wealth Tax

2015 ◽  
Author(s):  
S. Douglas Hopkins
Keyword(s):  
Income Taxes ◽  
Investment Income ◽  
Wealth Tax

More tax on asset gains is likelier than a wealth tax

2021 ◽  
Keyword(s):  
Asset Prices ◽  
Content Type ◽  
Developed Economies ◽  
Support Measures ◽  
Investment Income ◽  
The Future ◽  
The Face ◽  
Fiscal Support ◽  
Wealth Tax

Significance Developed economies have implemented fiscal support measures worth over 16% of their GDP to combat the pandemic's impacts. To pay off the resulting debt and to ensure sufficient revenue in the face of a fragile and uneven recovery, new taxes and higher rates are being considered. Impacts Levying a wealth tax on productive firms risks starving them of capital for the future. If levied too high or too long, people would sell assets to pay, depressing asset prices, reducing investment and prompting outflows. Criticisms of wealth taxes mean that a one-off surcharge on investment income above a certain threshold would be easier and more popular.

Investment income taxes and private equity acquisition activity

2020 ◽  
Vol 59 ◽  
pp. 25-51
Author(s):  
Alex Holcomb ◽  
Paul Mason ◽  
Harold H. Zhang
Keyword(s):  
Private Equity ◽  
Income Taxes ◽  
Investment Income

A STUDY OF THE IMPACT OF SPECIAL INTEREST GROUPS ON MAJOR TAX REFORM: AGRICULTURE AND THE 1913 INCOME TAX LAW

2008 ◽  
Vol 35 (2) ◽  
pp. 71-100 ◽  
Author(s):  
Douglas K. Barney ◽  
Tonya K. Flesher
Keyword(s):  
Quantitative Analysis ◽  
Income Tax ◽  
Income Taxes ◽  
Tax Law ◽  
Special Interest Groups ◽  
Congressional Debates ◽  
Farm Population ◽  
Income Tax Law ◽  
State Income ◽  
The Impact

Farmers have benefited from unique tax treatment since the beginning of the income tax law. This paper explores agricultural influences on the passage of the income tax in 1913, using both qualitative and quantitative analysis. The results show that agricultural interests were influential in the development and passage of tax/tariff laws. The percentage of congressmen with agricultural ties explains the strong affection for agriculture. Discussion in congressional debates and in agricultural journals was passionate and patriotic in support of equity for farmers. The quantitative analysis reveals that the percentage farm population was a significant predictor of passage of the 16th Amendment by the states and of adoption of state income taxes in the 20th century.

THE DEVELOPMENT OF TAXATION IN THE BIBLE: IMPROVEMENTS IN COUNTING, MEASUREMENT, AND COMPUTATION IN THE ANCIENT MIDDLE EAST

1998 ◽  
Vol 25 (2) ◽  
pp. 63-80 ◽  
Author(s):  
Manuel L. Jose ◽  
Charles K. Moore
Keyword(s):  
Middle East ◽  
Historical Development ◽  
Income Taxes ◽  
Property Taxes ◽  
The Bible ◽  
Indirect Taxes ◽  
Special Assessment ◽  
The Impact

This paper traces the development of five taxation types in the Bible — income taxes, property taxes, special assessment taxes, poll taxes (all direct taxes), and indirect taxes. The development of these taxes is discussed within the context of Israel's historical development. The impact of counting, measurement, and computation on the development of taxation is also considered.

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