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Taxes Loans and Inflation How the Nation s Wealth Becomes Misallocated Studies of Government Fin

by [Steuerle, C. Eugene]

$31.89

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Description

Income from capital receives uneven treatment in both the tax system and the loan markets. This affects almost every investment decision make by the individuals, business, and government and causes major disruptions in the economy. In this book C. Eugene Steuerle shows how the misallocation of capital results from the interaction of tax laws, the operation of the market for loanable funds, and inflation. He first analyzes the taxation of capital income, focusing on the distortions caused by tax arbitrage and on inflation-induced discriminations among both taxpayer and borrowers. The author then applies this analysis to several related issues. He concludes with a reform agenda that calls for the adoption of a broader-based, flatter-rate income tax.

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Product Details

  • Brookings Institution Pre Brand
  • Jun 1, 1985 Pub Date:
  • 9780815781332 ISBN-13:
  • 0815781334 ISBN-10:
  • 219.0 pages Paperback
  • English Language
  • 9 in * 0.55 in * 6 in Dimensions:
  • 1 lb Weight: