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This essay responds to an article by Daniel Shaviro which argues in part that the failure of empirical assumptions behind the permanent income hypothesis undermines the case for preferring consumption taxation over income taxation. We consider each of Shaviro's arguments and conclude that none change the basic considerations in favor of consumption taxation in any significant way. Shaviro concludes that administrability and implementation concerns should be central to the choice of the tax base and that these concerns are likely to point to taxing consumption. We agree with this conclusion.
Other publications by this author
- A Critical Look at A Critical Look--Reply to Sanchirico
- A Gas Tax Makes the Most Sense for California
- Federal Income Taxation, 15th ed.
- Introduction
- Cash Businesses and Tax Evasion
- Federal Income Tax: Examples and Explanations, 5th ed.
- Reply: Consumption Taxation is Still Superior to Income Taxation
- An Empirical Examination of Corporate Tax Noncompliance: Comments
- State Tax Shelters and State Taxation of Capital
- The Superiority of an Ideal Consumption Tax Over an Ideal Income Tax
Author
- Joseph Bankman
- Stanford Law School
- jbankman@stanford.edu
- 650 725.3825