Cover image for United States tax reform in the 21st century
Title:
United States tax reform in the 21st century
Author:
Zodrow, George R.
Publication Information:
Cambridge, UK ; New York : Cambridge University Press, 2002.
Physical Description:
xii, 346 pages : illustrations ; 24 cm
Language:
English
Contents:
Introduction: The fundamental question in fundamental tax reform / George R. Zodrow and Peter Mieszkowski -- Behavioral responses to a consumption tax / Jane G. Gravelle -- The economic impact of fundamental tax reform / Dale W. Jorgenson and Peter J. Wilcoxen -- Capital income taxation in tax reform: implications for analysis of distribution and efficiency / R. Glenn Hubbard -- International aspects of fundamental tax reform / Charles L. Ballard -- Distributive analysis of fundamental tax reform / Peter Mieszkowski and Michael G. Palumbo -- The role of administrative issues in tax reform: simplicity, compliance, and administration / William G. Gale and Janet Holtzblatt -- Evaluating the national retail sales tax from a VAT perspective / Sijbren Cnossen -- Transitional issues in the implementation of a flat tax or a national retail sales tax / George R. Zodrow -- Historical and contemporary debate on consumption taxes / Malcolm Gillis -- The politics and ideology of fundamental tax reform / Joe Barnes.
ISBN:
9780521803830
Format :
Book

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Summary

Summary

Tax reform debates in the United States have for some time been dominated by the question of whether the existing corporate and individual income tax system should be replaced with some form of a national consumption tax. This book contains essays by a group of internationally recognized tax experts who describe the current state of the art in economic thinking on the issue of whether fundamental tax reform is preferable to continued incremental reform of the existing income tax. The collection covers a wide range of tax policy issues related to consumption tax reforms, including their economic effects, distributional consequences, effects on administrative and compliance costs, transitional issues and the political aspects of fundamental tax reform, and international comparisons.


Reviews 1

Choice Review

Essays in this volume explore the most fundamental of tax reforms for the US--a shift of the federal tax base from individual and corporate income to consumption. Issues examined include international impacts (Charles Ballard); distribution of the tax burden (Peter Mieszkowski and Michael Palumbo); administrative and compliance simplicity (William Gale and Janet Holtzblatt); problems of transition from one base to another (Zodrow); how the shift would influence consumer behavior (Jane Gravelle); the impact on the national economy (Dale Jorgenson and Peter Wilcoxen); impacts in capital markets (Glenn Hubbard); and problems with attempting to implement a high-rate national sales tax (Sijbren Cnossen). This work also provides a historical perspective on the long debate on consumption taxation (Malcolm Gillis) and a review of the political and ideological basis for the debate (Joe Barnes). In addition, editors Zodrow and Mieszkowski (both, economics, Rice Univ.) provide an artful introduction to the basic question of this tax reform. Contributors include some of the best tax economists working today, and they carefully outline the evidence necessary for this choice between tax bases. Whether the American political system is currently interested in pursuing the debate is another question, however. Recommended for upper-division undergraduate through professional collections. J. L. Mikesell Indiana University-Bloomington


Table of Contents

1 The fundamental question in fundamental tax reformGeorge R. Zodrow and Peter Mieszkowski
2 Behavioral responses to a consumption taxJane G. Gravelle
3 The economic impact of fundamental tax reformDale W. Jorgenson and Peter J. Wilcoxen
4 Capital income taxation in tax reform: implications for analysis of distribution and efficiencyR. Glenn Hubbard
5 International aspects of fundamental tax reformCharles L. Ballard
6 Distributive analysis of fundamental taxPeter Mieszkowski and Michael G. Palumbo
7 The role of administrative issues in tax reform: simplicity, compliance, and administrationWilliam G. Gale and Janet Holtzblatt
8 Evaluating NRST from a VAT perspectiveSijbren Cnossen
9 Transitional issues in the implementation of a flat tax or a national retail sales taxGeorge R. Zodrow
10 Historical and contemporary debate on consumption taxesMalcolm Gillis
11 The politics and ideology of fundamental tax reformJoe Barnes
Bibliography
Index