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Why might the federal government nonetheless be in a better position to collect tax revenues than the states?
Show what this does to the budget constraint of the community. How effective are such restrictions likely to be over time, as incomes grow?
he tax reform of 1986 eliminated tax deductibility of state sales taxes. What implications should this have had for how states raised revenues?
By how much would educational expenditures be reduced by the elimination of the tax deductibility of state and local taxes, if the price elasticity of demand.
What would you expect to be the effects on spending on education if the federal income tax deduction for state and local taxes were eliminated?
Discuss the effect of such a matching program on communities that do not go to the maximum. Discuss the effect on communities that go beyond the maximum.
What will be the effect on expenditures on education of a small block grant of $100,000 if presently the community spends 5 percent of its total resources.
Discuss the advantages and disadvantages of state versus national determination of eligibility standards and benefits.
Who first enunciated it almost three-quarters of a century ago. What are the consequences of imposing a tax on oil at the same rate in both periods?
Assume that the supply of oil is inelastic. What is the effect of a tax by all countries on oil? Does it reduce oil consumption?
Use a two-period diagram to show the budget constraint. Explain why this form of IRA account is more likely to increase savings than the traditional form.
Many economists and politicians have argued that moving from an income tax to a consumption tax. Explain the arguments on both sides of this issue.
Evaluate costs factors influencing the company's decision. What environmental factors and risks must be considered in the company's decision-making process?
Find the unemployment rate from the following data: frictional unemployment =150, structual unemployment=200, cyclical unemployement=225.
Explain why the EITC may actually lower total work effort of the poor even Wit increases labor force participation.
What would be the effect of a switch to taxing individuals on the basis of their own income (rather than family income) on labor force participation of wives?
Describe the income and substitution effects of an increase in the interest rate for a borrower.
What do the results on optimal taxation imply about the desirability of taxing interest income?
Explain why it might be desirable to have a regressive tax structure, even if social welfare function is utilitarian, when general equilibrium effects of taxes.
What would that imply for the design of tax structures? Discuss the reasonableness of alternative assumptions.
Under what circumstances will an increase in the progressivity of the tax schedule increase the degree of before-tax inequality?
To what extent do you think that differences in views concerning how progressive our tax structure should be reflect differences in values, and u.
One argument sometimes made in favor of the use of commodity taxation rather than income. If it is, what do you think it implies about the design of tax policy?
What is the true economic depreciation? What is the present discounted value of this, assuming a 5 percent after-tax interest rate?
Discuss the equity and efficiency consequences of changing the rules so that only amounts in excess of $2000 per year are afforded special tax treatment.