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The Costs of Taxation and the Marginal Cost of Funds

1995-08-01 Business & Economics
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Release : 1995-08-01
Genre : Business & Economics
Kind : eBook
Book Rating : 549/5 ( reviews)

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Book Synopsis The Costs of Taxation and the Marginal Cost of Funds by : Mr.Joel Slemrod

Download or read book The Costs of Taxation and the Marginal Cost of Funds written by Mr.Joel Slemrod. This book was released on 1995-08-01. Available in PDF, EPUB and Kindle. Book excerpt: It is argued that taxation causes three kinds of deadweight losses and two types of direct costs. The deadweight losses arise from substitution, evasion, and avoidance activities while the direct costs are administrative and compliance costs. Some of these social costs tend to be discontinuous and/or nonconvex. Because most models of taxation ignore some components of the social costs of taxation, their conclusions cannot be of a general nature. An alternative approach to policy evaluation is to rely on a marginal efficiency cost of funds rule which can indicate appropriate directions of reforms. The paper discusses its merits, applicability, and limitations, as well as its relationship to other concepts.

Costs of Taxation and the Benefits of Public Goods

2005 Labor supply
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Release : 2005
Genre : Labor supply
Kind : eBook
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Book Synopsis Costs of Taxation and the Benefits of Public Goods by : Will Martin

Download or read book Costs of Taxation and the Benefits of Public Goods written by Will Martin. This book was released on 2005. Available in PDF, EPUB and Kindle. Book excerpt: The fact that raising taxes can increase taxed labor supply through income effects is frequently used to justify much lower measures of the marginal welfare cost of taxes and greater public good provision than indicated by traditional, compensated analyses. The authors confirm that this difference remains substantial with newer elasticity estimates, but show that either compensated or uncompensated measures of the marginal cost of funds can be used to evaluate the costs of taxation-and will provide the same result-as long as the income effects of both taxes and public good provision are incorporated in a consistent manner.

The Importance of the Tax System in Determining the Marginal Cost of Funds

1992 Taxation
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Release : 1992
Genre : Taxation
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Book Synopsis The Importance of the Tax System in Determining the Marginal Cost of Funds by : Dean Darrell Croushore

Download or read book The Importance of the Tax System in Determining the Marginal Cost of Funds written by Dean Darrell Croushore. This book was released on 1992. Available in PDF, EPUB and Kindle. Book excerpt:

The Marginal Cost of Public Funds

2008-04-25 Business & Economics
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Release : 2008-04-25
Genre : Business & Economics
Kind : eBook
Book Rating : 319/5 ( reviews)

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Book Synopsis The Marginal Cost of Public Funds by : Bev Dahlby

Download or read book The Marginal Cost of Public Funds written by Bev Dahlby. This book was released on 2008-04-25. Available in PDF, EPUB and Kindle. Book excerpt: A unified treatment of the marginal cost of public funds, covering both its theoretical foundations and how the MCF concept can be used to analyze tax policy issues. The marginal cost of public funds (MCF) measures the loss incurred by society in raising additional revenues to finance government spending. The MCF has emerged as one of the most important concepts in public economics; it is a key component in evaluations of tax reforms, public expenditure programs, and other public policies. The Marginal Cost of Public Funds provides a unified treatment of the MCF, carefully developing its theoretical foundations in a variety of contexts and describing its application to a wide range of policies—from excise taxes in Thailand to public sector borrowing in Canada and the United States. The Marginal Cost of Public Funds develops the basic theory of the MCF within the framework of public economics and shows how it is related to the traditional measures of the efficiency loss from distortionary taxation. The MCF concept is then applied to the major sources of revenues for governments—sales and excise taxes, taxes on labor income, taxes on the return to capital, public sector borrowing, and intergovernmental grants. This book will be an essential reference for economists and public policy analysts both in and out of government. Exercises and recommendations for further reading at the end of each main chapter highlight its usefulness as a supplementary text in advanced undergraduate or graduate courses in public economics.

The Importance of the Tax System in Determining the Marginal Cost of Funds

1992
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Release : 1992
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis The Importance of the Tax System in Determining the Marginal Cost of Funds by : Dean Croushore

Download or read book The Importance of the Tax System in Determining the Marginal Cost of Funds written by Dean Croushore. This book was released on 1992. Available in PDF, EPUB and Kindle. Book excerpt:

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