City Taxes, City Spending: Essays in Honor of Dick Netzer by Amy Ellen Schwartz

By Amy Ellen Schwartz

An illustrious workforce of economists give a contribution to this quantity honoring Dick Netzer, the general public finance economist famous for his examine on kingdom and native taxation, the availability of city public providers, and non-profit organisations. Following in his culture, the participants practice microeconomics to actual global difficulties dealing with city components and use statistical research to achieve perception into functional recommendations. the 1st 4 chapters of the booklet supply in-depth explorations of other tools of financing city govt akin to: the relative advantages of source of revenue and estate taxation on the neighborhood point, the influence of revenues and source of revenue taxation on estate taxation, and the feasibility of adopting a land worth tax. the subsequent chapters specialise in govt charges: the effect of sponsored housing funding on estate values, and the theoretical and historic factors for public possession and direct provision of public prone. the ultimate chapters of the booklet flip their awareness to the non-profit quarter, exploring subsidies to non-profit arts agencies and the function of the non-profit quarter in supplying K-12 schooling, in particular addressing the results for segregation and fairness. entire and fascinating, execs and students within the fields of public finance, city economics and public management will locate this number of nice curiosity.

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As it is reasonable to assume that, over the income distribution, gifts and bequests are a rising share of lifetime income, the failure to categorize bequests as consumption expenditures will overstate tax progressivity as measured by Metcalf by biasing tax burdens upward at the top of the income distribution. The difficulty of measuring lifetime income should not be interpreted as meaning that the measurement of tax incidence using annual data on income and taxes provides accurate estimates of tax burdens.

27 —— (2001), ‘Municipal Corporations, Homeowners, and the Benefit View of the Property Tax’, in Wallace E. 33–77. Goodspeed, Timothy J. (1989), ‘A Re-Examination of the Use of Ability to Pay Taxes by Local Governments’, Journal of Public Economics, 38, 319–42. Hamilton, Bruce W. (1975), ‘Zoning and Property Taxation in a System of Local Governments’, Urban Studies, 12, 205–11. —— (1976), ‘Capitalization of Intrajurisdictional Differences in Local Tax Prices’, American Economic Review, 66, 743–53.

Although these policies have certainly reduced average property tax burdens and may have contributed to a reduction in regressivity, they have also created their own set of inefficiencies and inequities. , 1999). Despite their shortcomings, property tax limitations appear to be a permanent part of the property tax system in the USA. The property tax remains an unpopular tax and, over the next decade, as the baby boom generation ages and moves into retirement, it is likely that efforts to reduce reliance on the property tax will only increase.

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