Taxes, Loans And Inflation: How The Nation'S Wealth Becomes Misallocated (Studies Of Government Finance),New

Taxes, Loans And Inflation: How The Nation'S Wealth Becomes Misallocated (Studies Of Government Finance),New

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SKU: DADAX0815781334
UPC: 9780815781332
Brand: Brookings Institution Press
Condition: New
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Income from capital receives uneven treatment in both the tax system and the loan markets. This affects almost every investment decision make by the individuals, business, and government and causes major disruptions in the economy. In this book C. Eugene Steuerle shows how the misallocation of capital results from the interaction of tax laws, the operation of the market for loanable funds, and inflation. He first analyzes the taxation of capital income, focusing on the distortions caused by tax arbitrage and on inflationinduced discriminations among both taxpayer and borrowers. The author then applies this analysis to several related issues. He concludes with a reform agenda that calls for the adoption of a broaderbased, flatterrate income tax.

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