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Saturday, May 9, 2020 | History

2 edition of Can state taxes redistribute income? found in the catalog.

Can state taxes redistribute income?

Feldstein, Martin S.

Can state taxes redistribute income?

by Feldstein, Martin S.

  • 342 Want to read
  • 6 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Income distribution -- United States -- Econometric models.,
  • Taxation -- United States -- States -- Econometric models.

  • Edition Notes

    StatementMartin Feldstein, Marian Vaillant.
    SeriesNBER working paper series -- working paper no. 4785, Working paper series (National Bureau of Economic Research) -- working paper no. 4785.
    ContributionsVaillant, Marian., National Bureau of Economic Research.
    The Physical Object
    Pagination33, [2] p. ;
    Number of Pages33
    ID Numbers
    Open LibraryOL22421387M

    “After all, the mine or the oil well can hardly migrate across state or local boundaries.” But as this valuable book demonstrates, economic reality is not so simple. Governments utilize taxes to pay for services and to redistribute income. The average revenue from these taxes was 8 percent of state and local own-source general revenue, but 17 states collected 10 percent or more from selective sales taxes. Nevada’s 17 percent from selective sales taxes was the highest revenue share of any state, while Wyoming’s 4 percent was the lowest.

      You can sell a property and defer taxes using a proprietary trust using Section You can defer the capital gains tax, state tax, depreciation recapture and the Obamacare tax on the gain on the sale of an investment property and you can also defer all of the taxes except the depreciation recapture on the sale of a luxury residential property that creates a large tax . If the objective of the government is to redistribute income, it should set taxes according to the ability-to-pay principle. However, it is difficult to measure ability. There are, in general, three measures of ability: income, expenditure and property. But none is full-proof. 1. Income: Income is said to be a better measure of ability than wealth.

    The evidence presented in this paper supports the basic theoretical presumption that state and local governments cannot redistribute income. Since individuals can avoid unfavorable taxes by. SUMMING UP James Heskett's readers weigh in on Thomas Piketty and how wealth disparity is burdening society.


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Can state taxes redistribute income? by Feldstein, Martin S. Download PDF EPUB FB2

Get this from a library. Can state taxes redistribute income?. [Martin S Feldstein; Marian Vaillant; National Bureau of Economic Research.] -- Abstract: The evidence presented in this paper supports the basic theoretical presumption that state and local governments cannot redistribute income.

Since individuals can avoid unfavorable taxes by. The evidence presented in this paper supports the basic theoretical presumption that state and local governments cannot redistribute income. Since individuals can avoid unfavorable taxes by migrating to jurisdictions that offer more favorable tax conditions, a relatively unfavorable tax will cause gross wages to adjust until the resulting net wage is equal to that available elsewhere.

and in comparison with income taxes around the world. This book is your visual guide to these different ways of understanding Federal Taxes and Transfers Redistribute a Substantial Amount of Income 25 Ending the Deduction for State.

Downloadable (with restrictions). Author(s): Feldstein, Martin & Wrobel, Marian Vaillant. Abstract: The evidence presented in this paper supports the basic theoretical presumption that state and local governments cannot redistribute income.

Since individuals can avoid unfavorable taxes by migrating to jurisdictions that offer more favorable tax conditions, a relatively. Martin Feldstein & Marian Vaillant, "Can State Taxes Redistribute Income?," NBER Working PapersNational Bureau of Economic Research, Inc.

Feldstein, Martin & Wrobel, Marian Vaillant, "Can State Taxes Redistribute Income?," Scholarly ArticlesHarvard University Department of : Seth H. Giertz, Rasoul Ramezani. Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others by means of a social mechanism such as taxation, charity, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law.

The term typically refers to redistribution on an economy-wide basis rather than between. Martin Feldstein & Marian Vaillant, "Can State Taxes Redistribute Income?," NBER Working PapersNational Bureau of Economic Research, Inc.

Feldstein, Martin & Wrobel, Marian Vaillant, "Can State Taxes Redistribute Income?," Scholarly ArticlesHarvard University Department of Economics. Washington, D.C., Octo —Federal tax and spending policies redistribute more than $ trillion in income from the top 40 percent of American families to the bottom 60 percent, according to a new chart book from the nonpartisan Tax Foundation.

Can State Governments Redistribute Income. Using Source-Based Capital Taxes For Income Redistribution Article (PDF Available) January with ReadsAuthor: Michael Francis Williams. Start studying Eco: Chapter 10 Inequality, Poverty and Policies to Redistribute Income.

Learn vocabulary, terms, and more with flashcards, games, and other study tools. This is “Income Taxes”, chapter 12 from the book Theory and Applications of Macroeconomics (v. They do so for political reasons and because one goal of a tax system is to redistribute income. Economists emphasize something rather different.

a cut in income taxes can stimulate consumption and increase aggregate spending. Taxes, Wage Capitalization and the Ability of States to Redistribute Income Preprint (PDF Available) December with 35 Reads How we measure 'reads'.

Changing the income tax amount from a flat percent paid by all Coloradans to percent for those earning more than $, Changing the income tax amount from a flat percent paid by all Coloradans to percent for those earning more than $, How much can be retained by the state to pay for the program.

American families can be broken down into two groups—those that get more back in spending than they pay in total taxes and those that pay more in taxes than they get back in spending. When we compare the two groups, we find that federal tax and spending policies combine to redistribute more than $ trillion in income from the top 40 percent.

[An updated version of this article can be found at Redistribution of Income in the 2nd edition.] S ince the Great Depression most Americans have agreed that a principal responsibility of government is to redistribute income from the well-to-do to the impoverished and to those who are temporarily disadvantaged, most notably the unemployed.

To find out more, see Roger Noll and Andrew Zimbalist’s edited book, Sports, Jobs, and Taxes: The Economic Impact of Sports Teams and Stadiums.

America is in the midst of a sports construction boom. Martin Feldstein, now president of the National Bureau of Economic Research, co-authored a famous study in called “Can State Taxes Redistribute Income?” and it should be required reading.

Taxes paid by Americans redistribute show more content The top 1 percent of the wealthiest people in the U.S. pay a total of over 40 percent of all federal income taxes, which is more than the entire bottom 95 percent of all tax payers.

State taxes vary from state to state, and rely mostly on income tax, property tax, and sales tax. The book offers lawmakers and citizens facts with which to evaluate states’ fiscal and economic policies and analyze their results and ramifications. “States that have controlled spending and taxes are doing better than states that have not done these things,” Moore said.

“High taxes don’t redistribute income; they redistribute people. Cutting State Income Taxes To Gain Jobs Has Small Payoff policies that strive to redistribute income or wealth either openly or in indirect ways.

A lot of those thoughts are collected in my e. A tax system can also redistribute wealth and income and tackle inequality. Different taxes have different effects here: income taxes, corporate and capital taxes, and property taxes are usually progressive: they reduce economic inequalities.Taxation - Taxation - Principles of taxation: The 18th-century economist and philosopher Adam Smith attempted to systematize the rules that should govern a rational system of taxation.

In The Wealth of Nations (Book V, chapter 2) he set down four general canons: Although they need to be reinterpreted from time to time, these principles retain remarkable relevance.American workers are subject to multiple taxes on their labor income: both payroll and income taxes, at the federal, state, and local levels.

Indue to all of these taxes combined, U.S. workers saw their labor income lowered by percent, on average.