Loading ...
Sorry, an error occurred while loading the content.

Re: Tax Incidence and Land Tax

Expand Messages
  • Roy Langston
    ... Feldstein was refuted immediately, but anti-land- tax liars still cite this paper occasionally as if it had some merit. No matter how fallacious and
    Message 1 of 3 , Feb 11, 2010
    • 0 Attachment
      Logan Boettcher wrote:

      >"Abstract: The classic example of an unshiftable
      > tax is the general tax on pure rental income.
      > Since Ricardo, economists have believed that the
      > annual net rental income of unimproved land
      > falls by the amount of the annual tax and its
      > price by the capitalized value of this tax.
      > This paper shows that these conclusions are
      > false, that the tax on pure land rents is at
      > least partly shifted, and that the price of land
      > may be increased by the imposition of a tax.
      > Implications are suggested for the analysis of
      > the corporate income tax and the taxation of
      > natural resources."

      Feldstein was refuted immediately, but anti-land-
      tax liars still cite this paper occasionally as if
      it had some merit. No matter how fallacious and
      dishonest anti-land-tax papers are, they still seem
      somehow to pass peer review, and their authors
      never seem to suffer any consequent damage to their
      careers or reputations.

      -- Roy Langston


      __________________________________________________________________
      Be smarter than spam. See how smart SpamGuard is at giving junk email the boot with the All-new Yahoo! Mail. Click on Options in Mail and switch to New Mail today or register for free at http://mail.yahoo.ca
    • Fred Foldvary
      From: Roy Langston ... Feldstein was correct in saying that with LVT, there is more investment in capital goods, but his conclusion
      Message 2 of 3 , Feb 11, 2010
      • 0 Attachment
        From: Roy Langston <roy_langston1@...>
        > that the tax on pure land rents is at
        > least partly shifted.

        Feldstein was correct in saying that with LVT, there is more investment in capital goods, but his conclusion that therefore the rate of interest would fall is incorrect.

        Fred Foldvary
      • Harry Pollard
        Logan, You can get it from Jstor and a couple of other places for a fee. The next best thing is a paper about Feldstein s paper at: http://tinyurl.com/ye8hhwx
        Message 3 of 3 , Feb 12, 2010
        • 0 Attachment

          Logan,

           

          You can get it from Jstor and a couple of other places for a fee.

           

          The next best thing is a paper about Feldstein’s paper at:

           

          http://tinyurl.com/ye8hhwx

           

          or

           

          http://74.125.155.132/search=cache:DxXya3g1HGIJ:www.econ.ucla.edu/workingpapers/wp125.pdf+Surprising+Incidence+of+a+Tax+on+Pure+Rent&cd=7&hl=en&ct=clnk&gl=us

          or you can try the attachment, but it’s pretty big and may not make it!

           

          Harry

           

          From: LandCafe@yahoogroups.com [mailto:LandCafe@yahoogroups.com] On Behalf Of loganboettcher
          Sent: Wednesday, February 10, 2010 2:08 PM
          To: LandCafe@yahoogroups.com
          Subject: [LandCafe] Tax Incidence and Land Tax

           

           

          Has anyone ever read this paper by Martin Feldstein, and if so, is he wrong or what part(s) does he have correct?

          Abstract: The classic example of an unshiftable tax is the general tax on pure rental income. Since Ricardo, economists have believed that the annual net rental income of unimproved land falls by the amount of the annual tax and its price by the capitalized value of this tax. This paper shows that these conclusions are false, that the tax on pure land rents is at least partly shifted, and that the price of land may be increased by the imposition of a tax. Implications are suggested for the analysis of the corporate income tax and the taxation of natural resources.

          [From: "The Surprising Incidence of a Tax on Pure Rent: A New Answer to an Old Question," The Journal of Political Economy, Vol. 85, No. 2 (Apr., 1977), pp. 349-360. Quoted in Land & Liberty, November 12, 1994]

        Your message has been successfully submitted and would be delivered to recipients shortly.