Paul L. Caron
Dean
Pepperdine Caruso
School of Law
Think Tank Reports
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Brookings: Rethinking The Corporate Income Tax — The Role Of Rent Sharing
William G. Gale (Brookings Institution; Google Scholar) & Samuel I. Thorpe (Brookings Institution), Rethinking the Incidence of the Corporate Income Tax: Debates about corporate income tax cuts follow a familiar script. Republicans claim that rank-and-file workers benefit. Democrats argue that affluent shareholders reap the gains. In a new project [Rethinking the Corporate Income Tax: The Role of…
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IRS Audits Of Poorest Families Soar While Millionaire Audits Continue To Languish
The Transactional Records Access Clearinghouse at Syracuse University has released a new report, IRS Audits Poorest Families at Five Times the Rate for Everyone Else: A large increase in federal income tax audits targeting the poorest wage earners allowed the Internal Revenue Service to keep overall audit numbers from further declines for Americans as a whole…
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Tax Policy Center Hosts Virtual Event Today On Taxing Business Income: Evidence From The Survey Of Consumer Finances
The Tax Policy Center hosts a virtual event on Taxing Business Income: Evidence from the Survey of Consumer Finances today at 12:30 PM ET (registration): Legislated changes in business income taxes over the past 20 years have led to a dramatic reduction in the federal income tax base and revenues. As a result, a significant…
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New State Business Tax Climate Index: Blue States Are Worst, Red States Are Best
Following up on Thursday's post, New U.S. Census Data: Major Migration From Blue States To Red States, which noted that 9 of the 10 states with the largest population losses voted for Joe Biden in 2020, and 8 of the 10 states with the largest population gains voted for Donald Trump: Tax Foundation, 2022 State…
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Economic Freedom Of North America 2021
Fraser Institute, Economic Freedom of North America 2021: Economic Freedom of North America 2021 is the seventeenth edition of the Fraser Institute’s annual report. This year it measures the extent to which—in 2019, the year with the most recent available comprehensive data—the policies of individual provinces and states were supportive of economic freedom, the ability…
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Manhattan Institute Charts: Spending, Taxes, And Deficits
Brian Riedl (Manhattan Institute), 2021 Chart Book Examines Spending, Taxes, and Deficits: The Manhattan Institute’s Brian Riedl has released the 2021 edition of his book of charts examining the federal budget, spending, taxes, and deficits. The 118-page chart book begins by broadly examining the rising budget deficits and national debt – well beyond the temporary recession…
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American Prospect: Five Lessons for Progressives From 100 Years of the Income Tax
The American Prospect: Five Lessons for Progressives From Our First Century of Income Taxes: Steeply graduated income tax rates can help societies do big things Progressive tax rates can do much more than raise significant amounts of revenue Progressive income tax rates don’t just happen. People have to battle for them Tax loopholes cost our…
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Mathur Posts Tax Papers on SSRN
Aparna Mathur (American Enterprise Institute) has posted several tax papers on SSRN: An Empirical Analysis of Middle Class Welfare: Testing Alternative Approaches (2006) Predicting Tax Reform (2007) The Consumer Burden of a Carbon Tax on Gasoline (2009) A Spatial Model of the Impact of Bankruptcy Law on Entrepreneurship (2009) Taxes Around the World: A Brief…
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TPC Hosts Program Today on State Tax Reform, the ACA, and Sequestration
The Tax Policy Center hosts a program today on States in Flux: State Tax Reform, the ACA, and Sequestration at noon-1:30 p.m. EST (webcast here): State governments face extraordinary challenges in coming years. Tepid recovery from the Great Recession has limited the ability of state governments to expand and add jobs, unlike past recoveries. Concerned…
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Sanchirico: Do Capital Income Taxes Hinder Growth?
Chris William Sanchirico (Pennsylvania), Do Capital Income Taxes Hinder Growth?: One of the main arguments against raising capital income tax rates is that doing so discourages savings and investment and hinders economic growth. However, academic research on taxes and growth suggests that this argument has no real basis. And the primary alternatives to capital income…
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TPC Hosts Program Today on The Charitable Deduction
The Tax Policy Center hosts a program today on The Charitable Deduction: A View from the Other Side of the Cliff (free webcast here): As the vehicle of state leaned over one fiscal cliff, Congress pulled it back but kept the motor running. In this session, we will examine the recent debate over tax changes,…
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U.S. PIRG: Congress Should Clamp Down on Offshore Tax Havens
U.S. PIRG, Who’s Afraid of Inversion? Congress Can Clamp Down on Offshore Tax Havens: With Washington gearing up for additional high-stakes budget battles over the next few months, Congress has continued to ignore a solution worth about $90 billion annually: closing loopholes that allow corporations to avoid taxes by pretending their profits are earned in…
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Californians Pay Second Highest Capital Gains Tax Rate in the World
Tax Foundation: The High Burden of State and Federal Capital Gains Taxes: As Congress begins to debate tax reform in the coming months, there is one tax that they should pay close attention to: the capital gains tax. The capital gains tax is a tax on profit through the sale of property or investments. At the…
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CBPP: The Case Against Cutting State Personal Income Taxes
Center on Budget and Policy Priorities: Cutting State Personal Income Taxes Won’t Help Small Businesses Create Jobs and May Harm State Economies, by Michael Mazerov: There is almost nothing in economic theory or empirical research to support an assertion that cutting state personal income taxes will have a significant impact on the emergence, success, or…
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2013 State and Local Tax Rates
Tax Foundation: State and Local Sales Tax Rates in 2013: 1. Tennessee (9.44%) 2. Arizona (9.16%) 3. Louisiana (8.87%) 4. Washington (8.86%) 5. Oklahoma (8.67%) 6. Arkansas (8.61%) 7. New York (8.48%) 8. Alabama (8.45%) 9. California (8.38%) 10. Kansas (8.25%) … 41. Wisconsin (5.43%) 42. Wyoming (5.34%) 43. Maine (5.00%) 43. Virginia (5.00%) 45. …
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TPC: Carbon Taxes and Corporate Tax Reform
Tax Policy Center: Carbon Taxes and Corporate Tax Reform, by Donald Marron & Eric Toder: This paper examines the pros and cons of using a carbon tax to help finance corporate tax reform. Revenues from a plausible carbon tax would be large relative to corporate tax revenues and could thus help finance lower corporate tax…
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Sin Taxes: Size, Growth, and Creation of the Sindustry
Adam J. Hoffer (University of Wisconsin-La Crosse, Department of Economics), William F. Shughart II (Utah State University, Hunstman School of Business) & Michael D. Thomas (Utah State University, Hunstman School of Business), Sin Taxes: Size, Growth, and Creation of the Sindustry (Mercatus Center, George Mason University): Revenue shortfalls have undermined states’ ability to balance their…
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Tax Policy Center Hosts Program Tomorrow on Time to Rethink Retirement Saving Policy?
The Tax Policy Center hosts a program tomorrow on Tax Expenditures and the Deficit: Time to Rethink Retirement Saving Policy?: As policymakers continue to search for ways to shore up the nation’s fiscal status, tax subsidies may be ripe for the picking. Tax subsidies for retirement saving account for more than $90 billion annually in…
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Tax Reform to Advance Energy Efficiency
American Council for an Energy-Efficient Economy, Tax Reforms to Advance Energy Efficiency: At the beginning of President Obama’s second term, tax reform has become a frequently-cited concern. Both Democrats and Republicans are supporting tax reform and actual work on legislation is likely to begin in 2013. Key elements of reform are likely to include simplifying…
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U.S. PIRG: The State Revenue Cost of Offshore Tax Havens
U.S. PIRG, The Hidden Cost of Offshore Tax Havens: State Budgets Under Pressure from Tax Loophole Abuse: Tax havens are countries or jurisdictions with minimal or no taxes. Corporations and individuals shift earnings to financial institutions in these countries to reduce their U.S. income tax liability—costing the federal government $150 billion in lost revenues each…
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Rosenthal: Taxing Private Equity Funds as Corporate ‘Developers’
Steve Rosenthal (Tax Policy Center), Taxing Private Equity Funds as Corporate 'Developers', 138 Tax Notes 361 (Jan. 21, 2013): Private equity funds manage vast amounts of money: $2.5 trillion in 2010, much more than the $100 billion in 1994. They earn immense profits, largely from selling the stock of acquired and improved companies. This article…
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Tax Foundation: Americans Pay 17.2% in Cell Phone Taxes
Tax Foundation: State and Local Governments Impose Hefty Taxes on Cell Phone Consumers: U.S. wireless consumers pay an average 17.18% in taxes and fees on their cell phone bill, including 11.36% in state and local charges, according to a newly released study that identifies and calculates wireless taxes and fees. In Nebraska, the combined federal-state-local…
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A Distributional Analysis of the Tax Systems in All 50 States
The Institute on Taxation & Economic Policy today released Who Pays? A Distributional Analysis of the Tax Systems in All 50 States (4th ed. Jan. 2013): The 2013 Who Pays: A Distributional Analysis of the Tax Systems in All Fifty States (the fourth edition of the report) assesses the fairness of state and local tax…
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Tax Foundation: Where Do State and Local Governments Get Their Revenue?
Tax Foundation: Where Do State and Local Governments Get Their Revenue?:
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CBPP: Pease Provision in Fiscal Cliff Deal Won’t Affect Charitable Giving
Center on Budget and Policy Priorities: “Pease” Provision in Fiscal Cliff Deal Doesn’t Discourage Charitable Giving and Leaves Room for More Tax Expenditure Reform: The recent “fiscal cliff” deal reinstated a limit on itemized deductions for high-income taxpayers known as the “Pease” provision, which policymakers created as part of the 1990 bipartisan deficit-reduction package but which…