old and new theories of property tax incidence
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old and new theories of property tax incidence

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Published by Miami University in Oxford, Ohio .
Written in English

Subjects:

  • Property tax

Book details:

Edition Notes

Statementby Edgar P. Williamson III
The Physical Object
Paginationii, 54 leaves, typed ;
Number of Pages54
ID Numbers
Open LibraryOL14559157M

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The book highlights the Aristotelian human flourishing theory of property, providing the most comprehensive and accessible introduction to that theory to date. The book's goal is neither to cover every conceivable theory nor to discuss every possible facet of the theories covered. Instead, it aims to make the major property theories Cited by: The Incidence of the Local Property Tax: A Re-evaluation Peter M. Mieszkowski, George R. Zodrow. NBER Working Paper No. Issued in October NBER Program(s):Public Economics The article identifies the key assumptions that underlie competing theories of the incidence of the local property by: 5. The Incidence of the Property Tax: Old Wine in New Bottles? Article (PDF Available) in Canadian Public Policy 2(s1) February with 12 Reads How we measure 'reads'. this respect. In most countries, taxes on land and property are among the oldest forms of all taxes. Old taxes need not necessarily be “good taxes,” as the saying has it, but they almost invariably have, over the years, become encrusted with various peculiar features that prove very difficult to alter.

Others take the "new view" of property tax incidence and see it as a tax on capital and, therefore, one that can add to the progressivity of the tax system. In chapter 4, Edward B. Sennoga, David L. Sjoquist, and Sally Wallace revisit the theory of property tax incidence with a computable general equilibrium model including struc­. Richard W. Tresch, in Public Finance (Third Edition), Local Property Taxes. The new view of property tax incidence argues that some of the incidence of the tax could be passed on to nonmobile labor or renters as capital moves in response to differences in the effective tax rates across localities. In light of this argument, Pechman and Okner provide an alternative allocation in which 1/2.   Property taxes can increase local fiscal revenue and adjust the allocation of resources. In China, it is adopted to control the soaring housing prices over the past decade. While property taxes have been expected as effective tools to regulate housing price, there is no concrete understanding of the influence of property taxes on housing price. The Residential Property Tax is a Good Tax in Theory Benefits Received: Connection Between Local Services and Property Values Incidence: Burden Rests with Middle and Upper Income Households Property is Immovable: Difficult to Evade Tax Important Part of Fiscal Decentralization.

The economists have put forward many theories or principles of taxation at different times to guide the state as to how justice or equity in taxation can be achieved. The main theories or principles in brief, are: (i) Benefit Theory: According to this theory, the state should levy taxes on individuals according to the benefit conferred on them. this tax. The tax was considered justified on grounds of equity, economic effects and administrative efficiency. Prof. Kaldor also pointed out that income by itself is not an adequate measure of ability to pay but a combination of income and property. Wealth tax is a tax which is levied on an annual basis on the net wealth of the assesses. eight general lessons suggested by optimal tax theory as it has developed in recent decades: 1) Optimal marginal tax rate schedules depend on the distribution of ability; 2) The optimal marginal tax schedule could decline at high incomes; 3) A flat tax, with a universal lump-sum transfer, could be close to optimal; 4) The optimal extent of.   An article in the August 9 issue of The Economist, “ The Time May Be Right for Land-Value Taxes,” suggests to reconsider the land-value tax advocated by American economist Henry George in his book Progress and Poverty. George proposed to tax away the rent on the unimproved value of land, and to replace all other taxes by that single one.