Distributional implications of a consumption tax / William M. Gentry and R. Glenn Hubbard.

Format:

Book

Author/Creator:

Gentry, William M.

Contributor:

American Enterprise Institute for Public Policy Research.

Hubbard, R. Glenn.

Language:

English

Subjects (All):

Spendings tax--United States.

Spendings tax.

Taxation--United States.

Taxation.

Income tax--United States.

Income tax.

Contents:

1. Introduction

2. Comparison of uniform pure income and consumption taxes

3. Consequences of shifting the tax base from income to consumption

4. Elimination of the differential taxation of capital inocme

5. Consequences of eliminating differential capital taxation

6. Role of household portfolio composition

7. Distributional implications of tax reform

8. Conclusions

Appendix: effects of fundamental tax reform on asset prices.