Public Finance in Theory and Practice |
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Page 473
... property taxes were imposed in strict conformity with the benefit prin- ciple , the two effects should wash out with property values independent of tax rates . Actually , such is not the case . The property tax is used as a general ...
... property taxes were imposed in strict conformity with the benefit prin- ciple , the two effects should wash out with property values independent of tax rates . Actually , such is not the case . The property tax is used as a general ...
Page 475
... property tax . Since vanishing or otherwise limited credits go pri- marily to low - income families and since exemptions under state income taxes are relatively high , most claimants are without income tax liabilities and the credits ...
... property tax . Since vanishing or otherwise limited credits go pri- marily to low - income families and since exemptions under state income taxes are relatively high , most claimants are without income tax liabilities and the credits ...
Page 480
... property . 6. The distribution of wealth is more unequal than that of income . The major form of wealth taxation in the United States is the local property tax . As the major source of local tax finance , it remains one of the crucial ...
... property . 6. The distribution of wealth is more unequal than that of income . The major form of wealth taxation in the United States is the local property tax . As the major source of local tax finance , it remains one of the crucial ...
Contents
An Overview | 3 |
Fiscal Institutions | 27 |
The Theory of Social Goods | 47 |
Copyright | |
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adjustment aggregate demand allocation applied approach assets benefits billion budget capital gains capital income changes considered consumer consumer surplus consumption consumption tax corporation tax cost countries debt deduction deficit demand depreciation differ distribution dollar earnings economic effective rate efficient employment equal equilibrium equity excess burden expenditures factor federal Figure finance fiscal federalism function given grants growth important imposed increase indifference curves individual income tax inflation investment involves jurisdictions labor low-income marginal cost measured nonrival noted opportunity cost output payments payroll tax percent percentage preferences present value problem profits programs progressive tax property tax public sector public services purchases rate of return ratio redistribution reduced reflected result rise sales tax saving schedule share shown social Table tax base tax burden tax incidence tax rate tax revenue tax structure taxation taxpayers tion United value-added tax various wage