Income Versus Consumption Tax Baselines for Tax Expenditures

Robert Carroll, David Joulfaian () and James Mackie

National Tax Journal, 2011, vol. 64, issue 2, 491-510

Abstract: This paper explores the implications of evaluating income tax preferences, or tax expenditures, under a consumption tax baseline. More specifically, it examines the conceptual differences between income and consumption tax baselines, and employs an X-tax prototype of a consumption tax to gauge the sensitivity of estimates to the two baselines. The tax expenditure estimates for capital income preferences are vastly different under the two regimes.

Date: 2011
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Chapter: Income versus Consumption Tax Baselines for Tax Expenditures (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:64:y:2011:i:2:p:491-510

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