The possibility of being audited provides an incentive for the more larcenous among us to accurately report taxable income when underreporting income carries a penalty. It seems safe to assume that by increasing either the likelihood of an income tax audit or the penalty for underreporting...

Using a two-period model in which income is earned in the first period and saving can be invested in a risky asset, the authors explore the implications of the wealth tax and the consumption tax approaches for both the government and the wage earner. Settings under which decisions are made...

Yeh, Suwanakul, and Mai (1996) use a triangular production location model to study the impact of various business taxes on the output and location decisions of a competitive firm facing a random price. In this "Comment," it is shown that their results are exclusively output driven, and the very...