Dynamic Pre-distributive Capital Tax Design with Raising Skill Premium

2021 ◽  
Author(s):  
Wenjian Li
Keyword(s):  
Skill Premium ◽  
Capital Tax ◽  
Tax Design

The Relation between Business Property Values and Local Property Taxes

2014 ◽  
Vol 37 (1) ◽  
pp. 103-128 ◽  
Author(s):  
Kimberly G. Key ◽  
Teresa A. Lightner
Keyword(s):  
Property Values ◽  
Local Property ◽  
Property Taxes ◽  
Tax Revenue ◽  
Industrial Property ◽  
Business Taxes ◽  
Trade Offs ◽  
Property Owners ◽  
Capital Tax ◽  
Business Property

ABSTRACT This study examines the relation between commercial and industrial property values and local property taxes using 1999 to 2009 data for the state of Georgia. Results show a negative relation between commercial values and property taxes, consistent with the new view of capital tax prediction that these taxes are borne, at least in part, by property owners. Incidence estimates show very high to full capitalization. There is little evidence of a relation between industrial property values and property taxes, contrary to prior research. This study is the first to provide empirical evidence of differences in commercial and industrial property tax incidence. The study contributes to the understanding of the capitalization of business taxes, which has been the subject of very little prior research. The results can inform policymakers who consider trade-offs in tax revenue needs, economic development, and issues of fairness in their localities.

An analysis of US greenhouse gas cap-and-trade proposals using a forward-looking economic model

2011 ◽  
Vol 16 (2) ◽  
pp. 155-176 ◽  
Author(s):  
ANGELO COSTA GURGEL ◽  
SERGEY PALTSEV ◽  
JOHN REILLY ◽  
GILBERT METCALF
Keyword(s):  
Greenhouse Gas ◽  
Ghg Emissions ◽  
Substantial Effect ◽  
Welfare Cost ◽  
Economic Implications ◽  
Early Action ◽  
Labor Tax ◽  
Long Term Effect ◽  
Capital Tax ◽  
Forward Looking

ABSTRACTWe develop a forward-looking version of the recursive dynamic MIT Emissions Prediction and Policy Analysis (EPPA) model, and apply it to examine the economic implications of proposals in the US Congress to limit greenhouse gas (GHG) emissions. We find that shocks in the consumption path are smoothed out in the forward-looking model and that the lifetime welfare cost of GHG policy is lower than in the recursive model, since the forward-looking model can fully optimize over time. The forward-looking model allows us to explore issues for which it is uniquely well suited, including revenue-recycling and early action crediting. We find capital tax recycling to be more welfare-cost reducing than labor tax recycling because of its long-term effect on economic growth. Also, there are substantial incentives for early action credits; however, when spread over the full horizon of the policy they do not have a substantial effect on lifetime welfare costs.

Tax Design and The Meddling Factor: Lessons From Hawaii's Liquor Tax

1992 ◽  
Vol 12 (4) ◽  
pp. 35-46
Author(s):  
Jack P. Suyderhoud ◽  
K.K. Seo
Keyword(s):  
Tax Design
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