Bruce, Donald; Holtz-Eakin, Douglas - National Bureau of Economic Research (NBER) - 1997
Using a simulation model crafted to integrate the short-run and long-term impacts of tax" reform on the housing market …, we find modest impacts from fundamental reform of the Federal" income tax. These results suggest that concerns over the … impact of tax reform on housing values" and household net worth are overstated. To the extent that reform is otherwise …