Taxes, Loans, and Inflation: How the Nation's Wealth Becomes Misallocated

Front Cover
Brookings Institution, 1985 - Business & Economics - 205 pages
0 Reviews
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.

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Introduction
1
Taxation of the Capital Income of Individuals
9
Tables
10
Copyright

11 other sections not shown

Common terms and phrases

References to this book

All Book Search results »

About the author (1985)

Steuerle is with the Department of the Treasury, where he is economic staff coordinator for the Fundamental Tax Reform Project and deputy director of the Office of Tax Analysis.

Bibliographic information