HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.
![handle is hein.amenin/aeiabgu0001 and id is 1 raw text is:
Equity, Efficiency, and the U.S. Corporation Income Tax, by P Gregory
Ballentine, examines the little-understood effects of the corporation
income tax. a mainstay of the U S. federal revenue system. Although
the ta'x legally fails on the itomes of those wh'o own corpotrate stock,
the actual burden is shared by everyone in the economy. Given the
diffusion of the burden shown in this study, it is difficult to argue that
the corporation income tax meets any well defined goals of equity,
Its effect on econonic efficiency is .so shown to be undesirable.
it distorts the allocation of capital in our economy away from U1s most
productive uses, causing a waste of capital; by reducing investment
below an efficient level, it causes a capital shortage. Although all taxes
induce some inefficiency in the econony, the corporate tax is shown
to be the most inefficient of the major taxes. The value of the efficiency
lost may, in fact, be equivalent to as much as half the revenue raised
by the tax.
J Gregory Bailentine received his Ph.D. from Rice University in
1974. His major field of study has been the economics of taxation.
This book was written while he was associate professor of econornics
at Wayne State University. He is currently a member of the eco-
nomics faculty at the University of Floridao
ISBN 0-8447- ]3366-0
US $12.00
ISBN-13: 978-0-8447-3366-1
ISBN-10 0-8447-3366-0
1~5 1200
9 780844 733661
f---,, American Enteiprise Irtstitute for Public Policy Research
-------1150 Seventeenth Street N.W., Washington. DC. 20036](ViewImageLocal?handle=hein.amenin/aeiabgu0001&div=1&collection=&method=preview&ext=.png&size=3)