Income Versus Consumption Tax Baselines For Tax Expenditures
AbstractThis paper explores the implications of evaluating income tax preferences, or tax expenditures, under a consumption tax baseline. More specifically, it examines the conceptual differences between income and consumption tax baselines, and employs an X-tax prototype of a consumption tax to gauge the sensitivity of estimates to the two baselines. The tax expenditure estimates for capital income preferences are vastly different under the two regimes.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by National Tax Association in its journal National Tax Journal.
Volume (Year): 64 (2011)
Issue (Month): 2 (June Citation: 64 National Tax Journal 491-510 (June 2011))
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Davie, Bruce F., 1994. "Tax Expenditures in the Federal Excise Tax System," National Tax Journal, National Tax Association, vol. 47(1), pages 39-62, March Cit.
- Poddar, Satya & English, Morley, 1997. "Taxation of Financial Services Under a Value-Added Tax: Applying the Cash-Flow Approach," National Tax Journal, National Tax Association, vol. 50(1), pages 89-111, March Cit.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Charmaine Wright).
If references are entirely missing, you can add them using this form.