Economics of Tax Law

Edited by David A. Weisbach, Walter J. Blum Professor and Kearney Director, Program in Law and Economics, University of Chicago Law School, US

• Contents:Volume IAcknowledgementsIntroductionDavid A. WeisbachPART ITAX NORMS 1. Thomas Griffith (1993), ‘Should “Tax Norms” be Abandoned? Rethinking Tax Policy Analysis and the Taxation of Personal Injury Recoveries’2. Louis Kaplow (1989), ‘Horizontal Equity: Measures in Search of a Principle’PART II THE BASIC ECONOMICS OF TAXATION ACommodity Taxation3. William J. Baumol and David F. Bradford (1970), ‘Optimal Departures from Marginal Cost Pricing’4. David A. Weisbach (2000), ‘An Efficiency Analysis of Line Drawing in the Tax Law’BIncidence and Distribution5. Michael Graetz (1995), ‘Paint-by-Numbers Tax Lawmaking’6. Boris I. Bittker (1975), ‘Tax Shelters and Tax Capitalization, or, Does the Early Bird Get a Free Lunch?’7. Boris I. Bittker (1979), ‘Equity, Efficiency, and Income Tax: Do Misallocations Drive Out Inequities?’CProgressivity8. Joseph Bankman and Thomas Griffith (1987), ‘Social Welfare and Rate Structure: A New Look at Progressive Taxation’9. Joel Slemrod, Shlomo Yizhati, Joram Mayshar and Michael Lundholm (1994), ‘The Optimal Two-Bracket Linear Income Tax’10. George Akerlof (1978), ‘The Economics of “Tagging” as Applied to the Optimal Income Tax, Welfare Programs, and Manpower Planning’11. Albert L. Nichols and Richard J. Zeckhauser (1982), ‘Targeting Transfers through Restrictions on Recipients’DCombining Commodity Taxation and Progressivity12. Louis Kaplow (2006), ‘On the Undesirability of Commodity Taxation Even When Taxation is Not Optimal’13. Louis Kaplow (2004), ‘On the (Ir)Relevance of Distribution and Labor Supply Distortion to Government Policy’PART III THE CHOICE OF THE TAX BASE – THEORY AWhat is Income Taxation?14. Louis Kaplow (1994), ‘Taxation and Risk Taking: A General Equilibrium Perspective’15. Alvin C. Warren, Jr. (1996), ‘How Much Capital Income Taxed Under an Income Tax is Exempt Under a Cash Flow Tax?’BThe Comparison Between Consumption and Income Taxation16. William D. Andrews (1974), ‘A Consumption-Type or Cash Flow Personal Income Tax’17. Alvin C. Warren (1980), ‘Would a Consumption Tax be Fairer Than an Income Tax?’18. Joseph Bankman and David A. Weisbach (2006), ‘The Superiority of an Ideal Consumption Tax Over an Ideal Income Tax’CChanging Tax Bases19. Michael J. Graetz (1977), ‘Legal Transitions: The Case of Retroactivity in Income Tax Revision’20. David F. Bradford (1996), ‘Consumption Taxes: Some Fundamental Transition Issues’21. David F. Bradford (1998), ‘Transition to and Tax-Rate Flexibility in a Cash-Flow-Type Tax’Name IndexVolume IIAcknowledgementsIntroductionDavid A. WeisbachPART ITHE CHOICE OF THE TAX BASE – IMPLEMENTATION AImplementing a Consumption Tax1. David A. Weisbach (2000), ‘Ironing Out the Flat Tax’2. Harry Grubert and T. Scott Newlon (1995), ‘The International Implications of Consumption Tax Proposals’BImplementing a Tax on Capital Income3. William D. Andrews (1983), ‘The Achilles’ Heel of the Comprehensive Income Tax’4. Alan J. Auerbach and David F. Bradford (2004), ‘Generalized Cash-Flow Taxation’5. Daniel I. Halperin (1985), ‘Interest in Disguise: Taxing the “Time Value of Money”’6. Alvin C. Warren (1993), ‘Financial Contract Innovation and Income Tax Policy’7. Noel Cunningham and Deborah Schenk (1993), ‘The Case for a Capital Gains Preference’PART II ADMINISTRATION AND COMPLIANCE AIn General8. Michael G. Allingham and Agnar Sandmo (1972), ‘Income Tax Evasion: A Theoretical Analysis’9. Shlomo Yitzhaki (1974), ‘A Note on Income Tax Evasion: A Theoretical Analysis’10. Shlomo Yitzhaki (1979), ‘A Note on Optimal Taxation and Administrative Costs’11. Joel Slemrod and Shlomo Yitzhaki (1996), ‘The Cost of Taxation and the Marginal Efficiency Costs of Funds’12. Joel Slemrod and Wojciech Kopczuk (2002), ‘The Optimal Elasticity of Taxable Income’BShelters 13. Joseph Bankman (1999), ‘The New Market in Corporate Tax Shelters’14. David A. Weisbach (1999), ‘Formalism in the Tax Law’PART IIITHE TAXABLE UNIT 15. Boris I. Bittker (1975), ‘Federal Income Taxation and the Family’16. Edward J. McCaffrey (1993), ‘Taxation and the Family: A Fresh Look at Behavioral Gender Biases in the Code’PART IVTAX EXPENDITURES 17. Stanley S. Surrey (1970), ‘Tax Incentives as a Device for Implementing Government Policy: A Comparison with Direct Expenditures’18. Boris I. Bittker (1967), ‘A “Comprehensive Tax Base” as a Goal of Income Tax Reform’19. Anne L. Alstott (1995), ‘The Earned Income Tax Credit and the Limitations of Tax-Based Welfare Reform’Name Index

‘This is an excellent collection that provides a good introduction to some of the key economic issues in tax policy.’