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dc.contributor.authorFeldstein, Martin
dc.contributor.authorMetcalf, Gilbert
dc.date.accessioned2009-04-03T14:59:40Z
dc.date.issued1987
dc.identifier.citationFeldstein, Martin, and Gilbert Metcalf. 1987. The effect of federal tax deductibility on state and local taxes and spending. Journal of Political Economy 95(4): 710-736.en
dc.identifier.issn0022-3808en
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:2766699
dc.description.abstractThis paper examines the effect of federal deductibility of state and local taxes on the fiscal behavior of state and local governments. The primary finding is that deductibil ity affects the way that state and local governments finance their sp ending as well as the overall level of spending. More specifically, i n states in which federal deductibility implies a relatively low cost of using deductible personal taxes (including income, sales, and pro perty taxes), there is greater reliance on those taxes and less reliance on business taxes and other revenue sources. The effect of deductibility on the state and local financial mix implies that deductibility has a much lower cost to the federal government than has previously been assumed.en
dc.description.sponsorshipEconomicsen
dc.language.isoen_USen
dc.publisherUniversity of Chicago Pressen
dc.relation.isversionofhttp://dx.doi.org/10.1086/261482en
dash.licenseLAA
dc.titleThe Effect of Federal Tax Deductibility on State and Local Taxes and Spendingen
dc.relation.journalJournal of Political Economyen
dash.depositing.authorFeldstein, Martin
dc.identifier.doi10.1086/261482*
dash.contributor.affiliatedFeldstein, Martin


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