Citation
Publication Date:
Format:
Bibliography:
The bipartisan commission set up to reform California's tax system is considering reducing income tax rates and increasing the gas tax. That's a great idea.
The income tax raises revenue but affects behavior in unfavorable ways. A tax on business discourages investment, and a tax on personal income discourages savings or labor. Increasing the tax on gas will also affect behavior, but in a favorable direction. Californians will drive less, and that will reduce pollution, urban sprawl and greenhouse gas emissions.
Other publications by this author
- Federal Income Taxation, 15th ed.
- Introduction
- 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
- Consumption Taxation is Still Superior to Income Taxation
- 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
Author
- Joseph Bankman
- Stanford Law School
- jbankman@stanford.edu
- 650 725.3825