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Income Versus Consumption Tax Baselines for Tax Expenditures

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  • Carroll, Robert
  • Joulfaian, David
  • Mackie, James

Abstract

This 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.

Suggested Citation

  • Carroll, Robert & Joulfaian, David & Mackie, James, 2011. "Income Versus Consumption Tax Baselines for Tax Expenditures," National Tax Journal, National Tax Association, vol. 64(2), pages 491-510, June.
  • Handle: RePEc:ntj:journl:v:64:y:2011:i:2:p:491-510
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. 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.
    4. Harry Grubert & T. Scott Newlon, 1997. "Taxing Consumption in a Global Economy," Books, American Enterprise Institute, number 52737, September.
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