Tag Archives: Tax Reform

Six Reasons to Study Capital Taxation

Here are four reasons from Emmanuel Saez: Capital income is about 25% of national income (labor income is 75%) but distribution of capital income is much more unequal than labor income. Capital income inequality is due to differences in savings behavior but also … Continue reading

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A Corporate Tax Proposal from Larry Summers

From Larry Summers: The US should eliminate the distinction between repatriated and unrepatriated foreign corporate profits for US companies and tax all foreign income (after allowance for taxes paid to other governments) at a fixed rate well below the current … Continue reading

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Taxation and the Allocation of Talent

Ben Lockwood, Charles Nathanson and Glen Weyl have a paper on taxation and the allocation of talent that can justify progressive taxation strictly on efficiency grounds based on the following idea. “Low taxes encourage smart students to go into lucrative, … Continue reading

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Burying Supply-Side Once and for All by Neera Tanden

Neera Tanden has an interesting article in Democracy Journal on supply side economics. Supply-side economics assumes that lower tax rates boost economic growth by giving people incentives to work, save, and invest more. A critical tenet of this theory is … Continue reading

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Who Gets Tax Breaks? Tax Expenditures and Credits by Income Group

From Dylan Matthews: The CBO is out with a big new report on who gets what out of tax expenditures, the deduction, credits, and exclusions that have grown to cost the federal government hundreds of billions of dollars a year. Here’s the … Continue reading

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Tax Earnings Where Products Are Sold

From Alan Auerbach on corporate taxes: More than a century old, our corporate tax is showing its age. To modernize it, the basic challenge is to implement a corporate tax that is fair and provides sufficient revenue while making the … Continue reading

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A Modern Corporate Tax

Here’s a proposal for a modern corporate tax from Alan Auerbach: This paper proposes two reforms to the U.S. corporate tax system: first, an immediate deduction for all investments that would replace the current system of depreciation allowances, and second, … Continue reading

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