The Costs Of Taxation And The Marginal Cost Of Funds
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| Author | : Mr.Joel Slemrod |
| Publisher | : International Monetary Fund |
| Total Pages | : 32 |
| Release | : 1995-08-01 |
| Genre | : Business & Economics |
| ISBN | : 1451954549 |
Download The Costs of Taxation and the Marginal Cost of Funds Book in PDF, Epub and Kindle
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.
| Author | : Will Martin |
| Publisher | : World Bank Publications |
| Total Pages | : 31 |
| Release | : 2005 |
| Genre | : Labor supply |
| ISBN | : |
Download Costs of Taxation and the Benefits of Public Goods Book in PDF, Epub and Kindle
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.
| Author | : Dean Darrell Croushore |
| Publisher | : |
| Total Pages | : 27 |
| Release | : 1992 |
| Genre | : Taxation |
| ISBN | : |
Download The Importance of the Tax System in Determining the Marginal Cost of Funds Book in PDF, Epub and Kindle
| Author | : Bev Dahlby |
| Publisher | : MIT Press |
| Total Pages | : 347 |
| Release | : 2008-04-25 |
| Genre | : Business & Economics |
| ISBN | : 0262292319 |
Download The Marginal Cost of Public Funds Book in PDF, Epub and Kindle
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.
| Author | : Dean Croushore |
| Publisher | : |
| Total Pages | : 27 |
| Release | : 1992 |
| Genre | : |
| ISBN | : |
Download The Importance of the Tax System in Determining the Marginal Cost of Funds Book in PDF, Epub and Kindle
| Author | : Joram Mayshar |
| Publisher | : |
| Total Pages | : 52 |
| Release | : 1986 |
| Genre | : Tax administration and procedure |
| ISBN | : |
Download Taxation with Costly Administration Book in PDF, Epub and Kindle
| Author | : Will Martin |
| Publisher | : |
| Total Pages | : |
| Release | : 2012 |
| Genre | : |
| ISBN | : |
Download Costs of Taxation and the Benefits of Public Goods Book in PDF, Epub and Kindle
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.
| Author | : Fouad Sabry |
| Publisher | : One Billion Knowledgeable |
| Total Pages | : 287 |
| Release | : 2024-02-03 |
| Genre | : Business & Economics |
| ISBN | : |
Download Excess Burden of Taxation Book in PDF, Epub and Kindle
What is Excess Burden of Taxation When it comes to economics, one of the economic losses that society endures as a consequence of taxes or subsidies is the weight of taxation that amounts to an excessive amount. According to the theoretical framework of economics, distortions alter the quantity and kind of economic behavior in comparison to what would take place in a free market in the absence of the tax. It is possible to determine the extent of excess burdens by employing either the average cost of funds or the marginal cost of funds (MCF). It was Adam Smith who first brought up the topic of excessive burdens. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Excess burden of taxation Chapter 2: Tax Chapter 3: Deadweight loss Chapter 4: Index of economics articles Chapter 5: Supply-side economics Chapter 6: Tax reform Chapter 7: Pigouvian tax Chapter 8: Sin tax Chapter 9: Tax competition Chapter 10: Proportional tax Chapter 11: Tax incidence Chapter 12: Arnold Harberger Chapter 13: Tax incentive Chapter 14: Tax policy Chapter 15: Market distortion Chapter 16: Optimal tax Chapter 17: Tax efficiency Chapter 18: Marginal cost of public funds Chapter 19: Laffer curve Chapter 20: OneTax Chapter 21: Optimal capital income taxation (II) Answering the public top questions about excess burden of taxation. (III) Real world examples for the usage of excess burden of taxation in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Excess Burden of Taxation.
| Author | : Joel Slemrod |
| Publisher | : |
| Total Pages | : 25 |
| Release | : 2001 |
| Genre | : Economics |
| ISBN | : |
Download Integrating Expenditure and Tax Decisions Book in PDF, Epub and Kindle
This paper seeks to clarify the extent to which the rule for providing public goods ought to correct for the distortionary cost of raising funds. We argue that, in evaluating public projects, the marginal cost of funds (MCF) concept must be supplemented by a symmetrical concept, which we label the marginal benefit of public projects, or MBP, which indicates the value to individuals of the dollars spent. Each of these concepts can be decomposed into two separate components, one reflecting efficiency and the other characterizing the distributional impact of the project itself or its financing. We conclude that efficiency of the financing cannot be ignored, that distributional considerations are also relevant, and that the availability and optimality of tax instruments is critical for evaluating the appropriateness of proceeding with a public good-cum financing project. However, one can construct special cases, as in Kaplow (1996), where the simple cost-benefit criterion applies
| Author | : Åsmund Sunde Valseth |
| Publisher | : |
| Total Pages | : |
| Release | : 2019 |
| Genre | : |
| ISBN | : |
Download The Costs of Taxation in the Presence of Inequality Book in PDF, Epub and Kindle
This paper provides a new and improved measure of the marginal cost of public funds (MCF). It is based on a benchmark tax which is distributionally neutral and non-distortive. This is in contrast to the MCF-measure used in the previous literature, that has used the regressive uniform lump-sum tax as the benchmark. Our proposed MCF-measure more precisely accounts for the distributional aspects of public funding (the tax scheme) and makes a clear distinction between this and the distributional aspects of the public good considered. Compared to the previous literature, we find a higher MCF both in the case of a uniform lump-sum tax and in the case of distortive taxes. Due to its regressive distributional consequences, we find that the MCF of a uniform lump-sum tax is always greater than one when not combined with distortive taxes. Moreover, we find that the MCF could be greater than one also with an optimal combination of a uniform lump-sum tax and distortive taxes.
