Efficient Taxation of Income
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The Efficient Taxation of Income is an approach to
bill has not been introduced.[3]
Under Efficient Taxation of Income, each dollar of new business investment would generate a credit against taxes on business income. The rates for these credits would make tax burdens on all income sources the same. Taxes on new investments by households would be collected by car dealers, real estate developers, and other providers. These would not apply to existing home owners and would protect property values. Jorgenson states that the Efficient Taxation of Income could be implemented without cumbersome transition rules. In the
Flat Tax would yield only $2,060 billion.[4]
The gains underscore the benefits of shifting investment to higher-yielding assets and reflect greater investment and faster economic growth.
See also
Notes
- ^ Jorgenson, Dale; Yun, Kun-Young (2002-11-15). "Efficient Taxation of Income" (PDF). Harvard. Archived from the original (PDF) on 2007-02-21. Retrieved 2007-07-17.
- ^ Jorgenson, Dale (2002-06-18). "A Smarter Type of Tax". Financial Times. Archived from the original on 2007-02-13. Retrieved 2007-07-17.
- ^ Jorgenson, Dale (2002-05-09). "Hearing on the Extraterritorial Income Regime". House Committee on Ways and Means. Retrieved 2007-07-18.
- ^ Jorgenson, Dale (April 2003). "Efficient Taxation of Income". Harvard Magazine. Archived from the original on 2007-06-09. Retrieved 2007-07-17.
References
- Jorgenson, Dale; Yun, Kun-Young (2002). Investment, Vol. 3: Lifting the Burden: Tax Reform, the Cost of Capital, and U.S. Economic Growth (Hardcover ed.). The MIT Press. ISBN 0-262-10091-6.