Taxation, wealth, and saving /

"The papers in this volume reflect David F. Bradford's dual experience as a theoretical economist and as Deputy Assistant Secretary of the United States Treasury for Tax Policy and Director of the Treasury's Office of Tax Analysis. While as the Treasury, Bradford was involved in produ...

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Main Author: Bradford, David F., 1939-2005
Format: Electronic eBook
Language:English
Published: Cambridge, Mass. : MIT Press, ©2000.
Subjects:
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245 1 0 |a Taxation, wealth, and saving /  |c David F. Bradford. 
260 |a Cambridge, Mass. :  |b MIT Press,  |c ©2000. 
300 |a 1 online resource (xix, 540 pages) :  |b illustrations 
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504 |a Includes bibliographical references and index. 
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505 0 |a I. Income and Consumption Taxation: Basic Concepts and Broad Policy Issues -- 1. The Case for a Personal Consumption Tax -- 2. The Choice between Income and Consumption Taxes -- 3. On the Incidence of Consumption Taxes -- 4. Fundamental Issues in Consumption Taxation -- II. Income and Consumption Taxation: Theoretical Tools and Issues -- 5. Tax Neutrality and the Investment Tax Credit -- 6. The Economics of Tax Policy toward Savings -- 7. Issues in the Design of Savings and Investment Incentives -- 8. The Incidence and Allocation Effects of a Tax on Corporate Distributions -- 9. A Problem of Financial Market Equilibrium When the Timing of Tax Payments Is Indeterminate -- 10. Pitfalls in the Construction and Use of Effective Tax Rates / David F. Bradford and Don Fullerton -- III. Income and Consumption Taxation: Transition, Complexity, and Implementation -- 11. Transition to and Tax-Rate Flexibility in a Cash-Flow -- Type Tax -- 12. What's in a Name? Income, Consumption, and the Sources of Tax Complexity -- 13. Treatment of Financial Services under Income and Consumption Taxes -- 14. Fixing Realization Accounting: Symmetry, Consistency, and Correctness in the Taxation of Financial Instruments -- IV. Economically Meaningful Measures of National Saving -- 15. Market Value versus Financial Accounting Measures of National Saving -- 16. What Is National Saving? Alternative Measures in Historical and International Context. 
520 1 |a "The papers in this volume reflect David F. Bradford's dual experience as a theoretical economist and as Deputy Assistant Secretary of the United States Treasury for Tax Policy and Director of the Treasury's Office of Tax Analysis. While as the Treasury, Bradford was involved in producing the 1977 report entitled Blueprints for Basic Tax Reform. Blueprints describes two models for fundamental income tax reform. Eventually Bradford became convinced that the politically unpopular consumption-based model was the superior one. Since leaving the Treasury, much of his professional focus has been on economic analysis of the income tax system and on tax policy advocacy." 
520 8 |a "This book is divided into four parts. Part I covers the broad issues involved in comparing income to consumption as a tax base. Part II, which presents some of the most interesting analytical challenges concerning income and consumption taxes, contains the most technical papers in the collection. Part III addresses the potential deployment of the consumption approach to taxation. Moving in another direction, Part IV focuses on savings and investment, in particular the gap between the statistical evidence of rates of saving and investment and the economic theory that describes this behavior."--Jacket 
546 |a English. 
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650 0 |a Income tax  |z United States. 
650 0 |a Spendings tax  |z United States. 
650 0 |a Taxation of articles of consumption  |z United States. 
650 0 |a Saving and investment  |z United States. 
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