Portfolio Substitution and the Revenue Cost of Exempting State and Local Government Interest Payments from Federal Income Tax

Download Portfolio Substitution and the Revenue Cost of Exempting State and Local Government Interest Payments from Federal Income Tax PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (316 download)

DOWNLOAD NOW!


Book Synopsis Portfolio Substitution and the Revenue Cost of Exempting State and Local Government Interest Payments from Federal Income Tax by : James M. Poterba

Download or read book Portfolio Substitution and the Revenue Cost of Exempting State and Local Government Interest Payments from Federal Income Tax written by James M. Poterba and published by . This book was released on 2008 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores how alternative assumptions about household portfolio behavior affect estimates of the revenue cost of excluding state and local government interest payments from the federal income tax base. Standard tax expenditure estimates assume that current holders of tax-exempt bonds would replace their holdings of tax-exempt bonds with taxable bonds if the tax exemption were eliminated. We consider a number of alternative possible portfolio responses. Because taxable bonds are among the most heavily taxed assets, assuming that investors holding tax-exempt bonds would otherwise hold taxable bonds yields a larger estimate of the revenue cost of tax exemption than many alternative assumptions. Based on data from the 2004 Survey of Consumer Finances, we estimate that the revenue cost of tax exemption under the "taxable bond substitution hypothesis" is $14.2 billion, compared with $10.1 billion if corporate stock replaces tax-exempt bonds in household portfolios, and $7.9 billion if investors distribute their tax-exempt bond holdings in proportion to the other assets currently in their portfolios. We also explore the revenue effects of capping the dollar amount of tax-exempt interest per tax return and of limiting tax-exempt interest as a fraction of AGI.

Portfolio Substitition and the Revenue Cost of Exempting State and Local Government Interest Payments from Federal Income Tax

Download Portfolio Substitition and the Revenue Cost of Exempting State and Local Government Interest Payments from Federal Income Tax PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.:/5 (129 download)

DOWNLOAD NOW!


Book Synopsis Portfolio Substitition and the Revenue Cost of Exempting State and Local Government Interest Payments from Federal Income Tax by : James M. Poterba

Download or read book Portfolio Substitition and the Revenue Cost of Exempting State and Local Government Interest Payments from Federal Income Tax written by James M. Poterba and published by . This book was released on 2008 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:

U.S. Tax Guide for Aliens

Download U.S. Tax Guide for Aliens PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (3 download)

DOWNLOAD NOW!


Book Synopsis U.S. Tax Guide for Aliens by :

Download or read book U.S. Tax Guide for Aliens written by and published by . This book was released on 1998 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Taxation of Interest on Debt Obligations Issued by State and Local Governments and on Withholding Federal Income Tax on Interest and Dividend Income

Download Taxation of Interest on Debt Obligations Issued by State and Local Governments and on Withholding Federal Income Tax on Interest and Dividend Income PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 242 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!


Book Synopsis Taxation of Interest on Debt Obligations Issued by State and Local Governments and on Withholding Federal Income Tax on Interest and Dividend Income by : United States. Congress. Senate. Committee on Finance

Download or read book Taxation of Interest on Debt Obligations Issued by State and Local Governments and on Withholding Federal Income Tax on Interest and Dividend Income written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1976 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Encyclopedia of Taxation & Tax Policy

Download The Encyclopedia of Taxation & Tax Policy PDF Online Free

Author :
Publisher : The Urban Insitute
ISBN 13 : 9780877667520
Total Pages : 522 pages
Book Rating : 4.6/5 (675 download)

DOWNLOAD NOW!


Book Synopsis The Encyclopedia of Taxation & Tax Policy by : Joseph J. Cordes

Download or read book The Encyclopedia of Taxation & Tax Policy written by Joseph J. Cordes and published by The Urban Insitute. This book was released on 2005 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: "From adjusted gross income to zoning and property taxes, the second edition of The Encyclopedia of Taxation and Tax Policy offers the best and most complete guide to taxes and tax-related issues. More than 150 tax practitioners and administrators, policymakers, and academics have contributed. The result is a unique and authoritative reference that examines virtually all tax instruments used by governments (individual income, corporate income, sales and value-added, property, estate and gift, franchise, poll, and many variants of these taxes), as well as characteristics of a good tax system, budgetary issues, and many current federal, state, local, and international tax policy issues. The new edition has been completely revised, with 40 new topics and 200 articles reflecting six years of legislative changes. Each essay provides the generalist with a quick and reliable introduction to many topics but also gives tax specialists the benefit of other experts' best thinking, in a manner that makes the complex understandable. Reference lists point the reader to additional sources of information for each topic. The first edition of The Encyclopedia of Taxation and Tax Policy was selected as an Outstanding Academic Book of the Year (1999) by Choice magazine."--Publisher's website.

Subsidizing Infrastructure Investment with Tax-Preferred Bonds

Download Subsidizing Infrastructure Investment with Tax-Preferred Bonds PDF Online Free

Author :
Publisher : DIANE Publishing
ISBN 13 : 1437924700
Total Pages : 50 pages
Book Rating : 4.4/5 (379 download)

DOWNLOAD NOW!


Book Synopsis Subsidizing Infrastructure Investment with Tax-Preferred Bonds by : Nathan Musick

Download or read book Subsidizing Infrastructure Investment with Tax-Preferred Bonds written by Nathan Musick and published by DIANE Publishing. This book was released on 2010-11 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fed. gov¿t. supports infrastructure investment in a variety of ways. The most common means of providing a tax subsidy for infrastructure investment -- by offering a tax exemption for interest on state and local bonds -- is generally viewed to be inefficient. This study assesses the role of tax preferences in infrastructure investment in the U.S. It discusses the types of tax preferences for state and local bonds, reports the amount of such debt that has been issued for infrastructure projects undertaken by the public and private sectors, and estimates the importance of that debt financing to infrastructure investment. Charts and tables.

State and Local Financial Instruments

Download State and Local Financial Instruments PDF Online Free

Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1800370938
Total Pages : 320 pages
Book Rating : 4.8/5 (3 download)

DOWNLOAD NOW!


Book Synopsis State and Local Financial Instruments by : Johnson, Craig L.

Download or read book State and Local Financial Instruments written by Johnson, Craig L. and published by Edward Elgar Publishing. This book was released on 2021-11-09 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ability of a nation to finance its basic infrastructure is essential to its economic well-being in the 21st century. This second edition of State and Local Financial Instruments covers the municipal securities market in the United States from the perspective of its primary capital financing role in a fiscal federalist system, where subnational governments are responsible for financing the nationÕs essential physical infrastructure.

Highway Trust Fund and Paying for Highways: Testimony Before the Committee on Finance, U. S. Senate

Download Highway Trust Fund and Paying for Highways: Testimony Before the Committee on Finance, U. S. Senate PDF Online Free

Author :
Publisher : DIANE Publishing
ISBN 13 : 1437986021
Total Pages : 34 pages
Book Rating : 4.4/5 (379 download)

DOWNLOAD NOW!


Book Synopsis Highway Trust Fund and Paying for Highways: Testimony Before the Committee on Finance, U. S. Senate by :

Download or read book Highway Trust Fund and Paying for Highways: Testimony Before the Committee on Finance, U. S. Senate written by and published by DIANE Publishing. This book was released on with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Analysis and Infrastructure Investment

Download Economic Analysis and Infrastructure Investment PDF Online Free

Author :
Publisher : University of Chicago Press
ISBN 13 : 022680061X
Total Pages : 479 pages
Book Rating : 4.2/5 (268 download)

DOWNLOAD NOW!


Book Synopsis Economic Analysis and Infrastructure Investment by : Edward L. Glaeser

Download or read book Economic Analysis and Infrastructure Investment written by Edward L. Glaeser and published by University of Chicago Press. This book was released on 2021-11-11 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policy makers often call for increased spending on infrastructure, which can encompass a broad range of investments, from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to the near-term macroeconomic benefits, such as job creation, associated with infrastructure spending; others point to the long-term effects of such spending on productivity and economic growth. Economic Analysis and Infrastructure Investment explores the links between infrastructure investment and economic outcomes, analyzing key economic issues in the funding and management of infrastructure projects. It includes new research on the short-run stimulus effects of infrastructure spending, develops new estimates of the stock of US infrastructure capital, and explores incentive aspects of public-private partnerships with particular attention to their allocation of risk. The volume provides a reference for researchers seeking to study infrastructure issues and for policymakers tasked with determining the appropriate level and allocation of infrastructure spending.

Tax Reform

Download Tax Reform PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 478 pages
Book Rating : 4.:/5 (319 download)

DOWNLOAD NOW!


Book Synopsis Tax Reform by : United States. Congress. Senate. Committee on Finance

Download or read book Tax Reform written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 2012 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tax on Unrelated Business Income of Exempt Organizations

Download Tax on Unrelated Business Income of Exempt Organizations PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 (126 download)

DOWNLOAD NOW!


Book Synopsis Tax on Unrelated Business Income of Exempt Organizations by : United States. Internal Revenue Service

Download or read book Tax on Unrelated Business Income of Exempt Organizations written by United States. Internal Revenue Service and published by . This book was released on 1979 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Impact on State and Local Governments and Tax-exempt Organizations of Replacement of the Federal Income Tax

Download Impact on State and Local Governments and Tax-exempt Organizations of Replacement of the Federal Income Tax PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.3/5 ( download)

DOWNLOAD NOW!


Book Synopsis Impact on State and Local Governments and Tax-exempt Organizations of Replacement of the Federal Income Tax by :

Download or read book Impact on State and Local Governments and Tax-exempt Organizations of Replacement of the Federal Income Tax written by and published by . This book was released on 1996 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Growing Old

Download Growing Old PDF Online Free

Author :
Publisher : Brookings Institution Press
ISBN 13 : 0815721544
Total Pages : 162 pages
Book Rating : 4.8/5 (157 download)

DOWNLOAD NOW!


Book Synopsis Growing Old by : Yasuyuki Fuchita

Download or read book Growing Old written by Yasuyuki Fuchita and published by Brookings Institution Press. This book was released on 2011-06-01 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Nomura Institute of Capital Markets Research publication While the immediate dangers from the recent financial crisis have abated—much of the financial system has returned to profitability and the economy is growing, albeit slowly—the damage to the economy will linger for years. Among the many impacts is the problem that may be most acute in the United States: how state and local governments and private companies will honor their obligations under defined benefit (DB) pension plans. Institutional investors also confront new difficulties in the low-interest-rate environment that has prevailed since the onset of the crisis. East Asian economies, namely in Japan, Korea, and China, also face pension issues as their populations age. In Growing Old, experts from academia and the private sector consider the hard questions regarding the future of pension plans and institutional money management, both in the United States and in Asia. This volume is the latest collaboration between the Brookings Institution and the Nomura Institute of Capital Markets Research on issues confronting the financial sector of common interest to audiences in the United States and Japan. Contributors: Olivia S. Mitchell (Wharton School, University of Pennsylvania), Akiko Nomura (Nomura Institute of Capital Markets Research), Robert Novy-Marx (Simon Graduate School of Business, University of Rochester), Betsy Palmer (MFS Investment Management), Robert Pozen (Harvard Business School), Joshua Rauh (Kellogg School of Management, Northwestern University), Natalie Shapiro (MFS Investment Management).

Farmer's Tax Guide

Download Farmer's Tax Guide PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.:/5 (3 download)

DOWNLOAD NOW!


Book Synopsis Farmer's Tax Guide by :

Download or read book Farmer's Tax Guide written by and published by . This book was released on 1998 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Federal-state-local Fiscal Relations

Download Federal-state-local Fiscal Relations PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 556 pages
Book Rating : 4.:/5 (2 download)

DOWNLOAD NOW!


Book Synopsis Federal-state-local Fiscal Relations by :

Download or read book Federal-state-local Fiscal Relations written by and published by . This book was released on 1986 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Individual retirement arrangements (IRAs)

Download Individual retirement arrangements (IRAs) PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 284 pages
Book Rating : 4.:/5 (334 download)

DOWNLOAD NOW!


Book Synopsis Individual retirement arrangements (IRAs) by : United States. Internal Revenue Service

Download or read book Individual retirement arrangements (IRAs) written by United States. Internal Revenue Service and published by . This book was released on 1990 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tax Expenditures

Download Tax Expenditures PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 1004 pages
Book Rating : 4.:/5 (319 download)

DOWNLOAD NOW!


Book Synopsis Tax Expenditures by :

Download or read book Tax Expenditures written by and published by . This book was released on 2010 with total page 1004 pages. Available in PDF, EPUB and Kindle. Book excerpt: