Re: Re: Two Cheers for the Income Tax
by Len Burman
I'm not crazy about transaction taxes. In general, transaction costs interfere with market efficiency. Also, transaction taxes can cascade, so an asset that is sold many times (like a treasury bill) can be subject to a tax that is a large percentage of income. I agree that reforming the current tax system to make it simpler and more progressive is the best option.
Post comment:
Format Type: 
  Convert newlines
  Receive comment notifications for this article
Subject: 
   
insert bold tags insert italic tags insert underline tags insert strikethough tags insert link insert blockquote tags
Comment: 
Comment verification:

Please enter the text you see inside the graphic to post your comment:
You are not currently logged in. If you would like your user information to be displayed with your comment, please enter your login information below.
Login information:
Username: 
Password: 
If you would like to post contact information on your comment, please enter your information into the optional fields below:
Contact information:
Name: 
URL:  example: http://yourdomain.com
Email: 
Please note: email will not be displayed on the site, only for the blog owner. If logged in, URL will only be used.