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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
- 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
- Federal Income Taxation, 14th ed.
- Simple Filing for Average Citizens: the California Ready Return
- The Superiority of An Ideal Consumption Tax Over An Ideal Tax Income Tax
- Tax Enforcement: Tax Shelters, the Cash Economy, and Compliance Costs
- Federal Income Tax: Examples and Explanations, 4th ed.
- An Academic's View of the Tax Shelter Battle
Author
- Joseph Bankman
- Stanford Law School
- jbankman@stanford.edu
- 650 725.3825