Neutral Taxation of Shareholder Income: A Norwegian Tax Reform Proposal

This paper analyzes the effects of the Armey-Shelby tax reform proposal among the flat tax proposals on new owner-occupied housing market in USA on the basis of partial equilibrium. The effects in the short- and long-run are examined based on the Kenneth T. Rosen's regression result focusing on the effects of the user costs on home ownership. The Armey-Shelby plan would cause housing price in the short run to decrease with unchanged quantity because of nondeductibility of mortgage interest and property tax payments in the short-run. But the plan would cause housing market in the long run to be more activated, that is, increase in housing quantity and decrease in housing price, through lower interest rate caused by untaxed savings and investments that mean tax neutrality against savings and investments.

Download Full-text

Towards a true tax reform: Proposal to reactivate the economy. Towards real tax reform: Proposal to revive the economy

Journal Law and Economy ◽

10.35429/jle.2020.7.4.1.9 ◽

2020 ◽

pp. 1-9

Author(s):

José Luis Bárcenas-Puente ◽

Miguel Ángel Andrade-Oseguera

Keyword(s):

Economic Growth ◽

Civil Society ◽

Economic Crisis ◽

Tax Reform ◽

Job Creation ◽

Good News ◽

Tax Rates ◽

Reform Proposal ◽

The Republic

Every one that proposes and publishes a tax reform renews the hope of good news or at least that the situation does not worsen, this year 2020 did not happen, which is not new. The current government promised not to raise taxes, which is also new. While it is true that the Federation Revenue Law for FY 2020 does not provide for the increase in tax rates, it does show the eventual creation of new contributions, a situation that has gone unnoticed by the majority of the population, moreover, of the fervent followers of the person now holding the Presidency of the Republic. Thus, this reform tightens the audit but does not encourage job creation or the preservation of existing ones; 2019 ended without economic growth and that does not seem to matter to this regime, indolent of an economic crisis in the wake of today's pandemic. That is why the proposals for improvement must come from individuals, from the civil society which, though belittled by authority, must take the baton, now distracted and empty; the gravity of the situation deserves it, it claims.

Download Full-text

Household Behavior and the Tax Reform Act of 1986

The Journal of Economic Perspectives ◽

10.1257/jep.1.1.101 ◽

1987 ◽

Vol 1 (1) ◽

pp. 101-119 ◽

Cited By ~ 53

Author(s):

Jerry A Hausman ◽

James M Poterba

Keyword(s):

Economic Growth ◽

Tax Reform ◽

Household Behavior ◽

Tax Rates ◽

Tax System ◽

Reform Proposal

President Reagan's May 1985 letter to Congress, accompanying his tax reform proposal, argued that the existing tax system hindered economic growth because “most Americans labor under excessively high tax rates that discourage work and cut drastically into savings.” This paper analyzes how the Tax Reform Act of 1986 affects these aspects of household behavior.

Download Full-text