Carroll, Robert
[Verfasser:in]
;
Joulfaian, David
[Sonstige Person, Familie und Körperschaft];
Mackie III, James B.
[Sonstige Person, Familie und Körperschaft]
Income versus Consumption Tax Baselines for Tax Expenditures
Anmerkungen:
In: National Tax Journal, Forthcoming
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 19, 2010 erstellt
Beschreibung:
This paper explores the implications of evaluating income tax preferences, or tax expenditures, under a consumption tax baseline. First it examines the conceptual differences between income and consumption tax baselines. Next, an X-tax prototype of a consumption tax is employed to gauge the sensitivity of the estimates to the two baselines, i.e., current law income tax and the X-tax. The tax expenditure estimates for capital income preferences are vastly different under the two regimes