Taxing Capital Income
Contributors: Henry J. Aaron (Editor); Leonard E. Burman (Editor); C. Eugene Steuerle (Editor)
Edition: 1 edition
Publisher: Urban Institute Press; Rowman & Littlefield Publishers
Published: June 22, 2007
Language: eng
Format: Paperback
Number of pages: 366
ISBN-13: 9780877667377
Subjects: Nonfiction / Economics; Economic Conditions; Public Policy - Economic Policy; Taxation - General; Business & Economics; Capital levy; Taxation; United States; Business/Economics
Description: The question of whether to tax income from wealth has sparked debate since our country’s inception. Does taxing capital income ensure the progressivity of our system or merely discourage saving? Would switching our tax code to one that taxes only consumption be more efficient or only burden middle- and low-income people? And if we were to radically reform the way America taxes its citizens, how could we ensure that vital revenue would not be lost? Some analysts would even argue that, under our present byzantine tax system, we don’t really tax capital income at all. In this volume, eminent lawyers and economists analyze the problems associated with taxing capital income and propose policy solutions, which are then challenged by their peers in informed commentary. It may not settle the debate, but policymakers, scholars, and the public will find a wealth of information and ideas to consider. With contributions by Joel Slemrod, Reed Shuldiner, Jane Gravelle, George Zodrow, Alan Auerbach, Eric Toder, Kim Rueben, David Weisbach, Joe Thorndike, Edward Kleinbard, Julie Roin, Paul W. Oosterhuis, Michael Schler, Ed Outslay, George Plesko, and Daniel Halperin.