state revenue

This Info Brief examines R&E tax credit data from the Statistics of Income program of the U.S. Internal Revenue Service and selected data on R&D funding from the National Science Foundation.

The survey and report from the National League of Cities cites disapproval of how state and federal tax issues are being handled by the Administration, Congress, and state governors and legislatures. NLC outlined recommendations and called on the federal government to convene a national economic summit to address the issues.

This paper develops an infinite horizon model of public spending and taxation in which policy decisions are determined by legislative bargaining. The analysis explores the dynamics of legislative policy choices, focusing on the efficiency of the steady state level of taxation and allocation of tax revenues.

Observed economic policies in developing countries differ sharply both from those observed among developed countries and from those forecast by existing models of optimal policies. For example, developing countries rely little on broad-based taxes, and make substantial use of tariffs and seignorage as nontax sources of revenue. The objective of this paper is to contrast the implications of two models designed to explain such anomalous policies.

The paper explores issues in the design of tax bases and tax structures in the transition and argues that transition economies would need to adopt a lower and simpler tax structure than the ones prevailing in developed Western market economies.

The paper presents the fiscal theory of the price level in a variety of models, including endowment economies with lump-sum taxes and production economies with proportional income taxes.

Observed economic policies in developing countries differ sharply both from those observed among developed countries and from those forecast by existing models of optimal policies. The objective of this paper is to contrast the implications of two models designed to explain such anomalous policies.

In the context of the current tax policy debate in the United States, this paper reviews and discusses some of the main recurrent themes, as well as some of the most important tax reform proposals put forward over the past two decades. It finds that although there seems to be widespread agreement that the current tax system is too complex, unfair, and distortionary, little or no consensus exists on how best to improve it.

The author examines how an introduction of education subsidies affects growth rates, incorporating an uncertain lifetime. The author demonstrate that the introduction of subsidies engenders higher growth rates in aging economies, except when the education-tax rate is sufficiently low.

The authors show that for a large and politically relevant class of respondents – people who describe themselves as “conservative” or “Republican” – increasing information levels increase support for the tax cuts to the extent that they have any affect at all.