Illinois response to rising residential property values: an
assessment growth cap in Cook County.
CONTEXT
Between 1996 and 2005, house prices nationwide increased by 45
percent after adjusting for inflation (Baker, 2005). This created more
than $5 trillion in housing wealth, which led to . . .
Partial loss refundability: how are corporate tax losses
used?
INTRODUCTION
The asymmetric treatment of tax losses is an attribute common to
all corporate income tax systems. If a corporation s income exceeds
allowable deductions, then its net income is . . .
Five things economists and lawyers can learn from accountants: an
illustration using the domestic production activities deductio
INTRODUCTION
Accounting is often referred to as the "language of
business." In addition to providing a language, it is also akin to
a translation program. The corporation uses accounting . . .
Regulation of political organizations and the red herring of tax
exempt status.
INTRODUCTION
political activity by exempt organizations is much in the news. The
2004 presidential election cycle introduced the electorate to ACT
(Americans Coming Together), Moveon. org, and . . .
Health savings accounts: implications for health
spending.
INTRODUCTION
Health expenditures in the United States have increased rapidly
over the past several decades and promise to continue growing at least
as quickly for the foreseeable future. Health . . .
Property tax policy responses to rapidly rising home values:
District of Columbia, Maryland, and Virginia.
INTRODUCTION
In recent years, housing values have risen rapidly in many areas.
Typically, high rates of increase have not been sustained over a long
period of time. (1) Nonetheless, rapid . . .
Containing the individual burden of property taxes: a case study
of circuit breaker expansion in Maine.
INTRODUCTION
Over the past several years, the burden of local property taxes has
become a topic of widespread discussion and concern among Maine
residents. It has led to calls for legislative . . .
Multidisciplinary issues in corporate tax policy.
INTRODUCTION
The papers by McClelland (2006) and Mills (2006), together with the
presentation by Potter (2006), highlight the difficulties that analysts
and researchers face when trying to . . .
Katrina/Rita: the ultimate test for tax policy?
INTRODUCTION
On August 29, 2005, Hurricane Katrina battered the Gulf Coast
region causing significant damage in Alabama, Mississippi and Louisiana
and, two days after the hurricane, levees . . .
Is there a right way to promote health insurance through the tax
system?
INTRODUCTION
The private health insurance system in the U.S. has been erected on
a foundation of tax incentives that promote employment-based coverage
over the individual purchase of insurance. . . .
Property tax limitations: an interpretative review.
INTRODUCTION
As of 2006, only five of the 48 states in the continental United
States have absolutely no explicit limits on some aspect of property
taxation. The remaining 43 states each have at . . .
Distortions from partial tax reform revealed through effective
tax rates.
INTRODUCTION
In a competitive economy, rates of return on investments direct
profit-maximizing savers to invest in projects with the highest social
return. Output is maximized when marginal rates . . .
Tax policy and the fiscal cost of disasters: NY and 9/11.
INTRODUCTION
When two hijacked Boeing 767 aircraft struck the twin towers of the
World Trade Center on the morning of September 11, 2001 and caused them
to collapse, New York City suffered an . . .
Two wrongs do not make a right.(tax treatment of health insurance
)
INTRODUCTION
Several recent health policy proposals have started with the
premise, originally analyzed by Feldstein (1973), that the existing tax
treatment of health insurance introduces major . . .
Public ignorance and estate tax repeal: the effect of partisan
differences and survey incentives.
INTRODUCTION
In 2001, Congress passed and President Bush signed several tax cut
bills. One target of this legislation was the federal estate tax. Prior
to passage of the 2001 bills, the tax . . .
The property tax bound.
INTRODUCTION
The property tax in the United States has not withered away as many
observers predicted and some hoped. In fact, it has remained a
remarkably resilient component of state and local . . .
Horizontal equity and family tax treatment: the orphan child of
tax policy.
INTRODUCTION
There is a good chance that the "Brady Bunch" would not
pay income taxes even though they have the wherewithal to hire a
housekeeper. The exempt level for a married couple with six . . .
Five things an economist thinks are important in analyzing the
domestic production deduction: what accountants and lawyers shoul
INTRODUCTION
This paper provides the perspective of an economist to an ongoing
dialogue regarding how economists, accountants and attorneys can learn
from one another and, thus, improve their . . .
Floors, ceilings, and opening the door for a non-itemizer
deduction.
INTRODUCTION
Recent tax proposals would combine the extension of the charitable
deduction to non-itemizers with a common floor under the charitable
deductions of all taxpayers. For example, the . . .
Public opinion and the push to repeal the estate tax.
INTRODUCTION
We examine here the impact of public opinion on legislative
outcomes in the surprising case of the repeal of the federal estate tax
in 2001. This repeal benefits only a tiny minority . . .
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