The double taxation of corporate income should discourage firms from incorporating. We investigate the extent to which the aggregate allocation of assets and taxable income in the U.S. between corporate and non-corporate firms responds to the size of this tax distortion during the period 1959–86. In theory, profitable firms should shift out of the corporate sector when the tax distortion is lar...

OMB No. 1545-1150 Return of Organization Exempt From Income Tax Form 990-EZ Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code 2014 (except private foundations) G Do not enter social security numbers on this form as it may be made public. Open to Public Department of the Treasury G Information about Form 990-EZ and its instructions is at www.irs.gov/form990. Inspection Intern...

and participants in a seminar at the American Enterprise Institute for suggestions and comments on earlier drafts. I also thank Mary Barth of OMB and Geoff Lubien of DRI for providing forecast data from their respective organizations, and the Burch Center for Tax Policy and Public Finance for financial support. Any views expressed are my own, and not necessarily those of any organization with w...

This articles studies the optimal tax mix (taxes on income and commodities) under asymmetric information in a two-type model, when individuals make relative consumption comparisons. The model includes both positional and nonpositional goods, taking into account the fact that relative concerns matter for some but not for all commodities. We nd that in general the whole tax system is a ected by t...

Many practical reasons underscore the necessity for such sensitivity. A few are listed. ̄ Agism has been rampant in this industry. It will prove self-defeating, however, as the ranks of the "young old" (or perhaps more accurately the "old young") and the "middle old" swell, and as competition for their insurance becomes international. ̄ Business organizations and the professions alike increasingl...

The paper introduces tax evasion through subsidies due to false declarations of charitable donations. The study distinguishes between a rebate and match subsidy in an experimental setting. Under the rebate subsidy the individual gets the subsidy, while under the match subsidy the charity organization gets the subsidy. First, I develop a theoretical model of charitable giving and tax evasion. Se...

Enrollment in Health Savings Accounts (HSAs) and the high deductible health insurance plans that go with them is increasing rapidly. The accounts benefit from favorable tax status, and President Bush has proposed further expanding tax incentives that favor HSAs. The goal of these policies is to encourage more efficient use of health care resources by improving consumer incentives. This could re...

To deal with tax matters, businesses have various potential sources (e.g., Tax Office, advisor, industry organization, friends/family) in their environment. Those sources can be coupled with an increasingly wide variety of channels (e.g., telephone, face-to-face, website, e-mail) through which information can be obtained. This has led to an increasingly complex information flow between governme...