Taxes, Loans, and Inflation: How the Nation's Wealth Becomes MisallocatedBrookings Institution, 1985 - 205 lappuses Income from capital receives uneven treatment in both the tax system and the loan markets. This affects almost every investment decision make by the individuals, business, and government and causes major disruptions in the economy. In this book C. Eugene Steuerle shows how the misallocation of capital results from the interaction of tax laws, the operation of the market for loanable funds, and inflation. He first analyzes the taxation of capital income, focusing on the distortions caused by tax arbitrage and on inflation-induced discriminations among both taxpayer and borrowers. The author then applies this analysis to several related issues. He concludes with a reform agenda that calls for the adoption of a broader-based, flatter-rate income tax. |
Saturs
Introduction | 1 |
Taxation of the Capital Income of Individuals | 9 |
Tables | 10 |
Autortiesības | |
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Taxes, Loans and Inflation: How the Nation's Wealth Becomes Misallocated C. Eugene Steuerle Ierobežota priekšskatīšana - 2010 |
Taxes, Loans and Inflation: How the Nation's Wealth Becomes Misallocated C. Eugene Steuerle Ierobežota priekšskatīšana - 2010 |
Bieži izmantoti vārdi un frāzes
accounting after-tax rate amount billion breakeven capital gains capital income cash flow consumption corporate income corporate tax cost debt depreciation dividends dollars economic income efficiency equal equipment equity excluded expenditure tax Federal Reserve System financial arbitrage firms flat tax flat-rate tax futures contract households income from capital increase individual income tax inflation rate inflationary instance interest deductions interest income interest payments interest rate interest receipts interest-bearing assets investment incentives investors LIFO loan markets loanable funds losses macro policy marginal tax rate measure monetary National Tax Journal negative nominal interest rate nontaxable normal tax arbitrage offset paid pension percent persons portfolio postwar preferred assets profits progressive tax pure tax arbitrage rate of inflation rate of return rate of tax real assets recognized relative saving incentives sector sources tax preferences tax reduction tax returns tax shelters tax system taxable income taxation taxpayers types zero