Our analysis has incorporated important comparative strengths and weaknesses of public vs. private finance of collective goods. However, we have abstracted from other factors relevant to the comparison. For example, while allowing taxes to deviate from benefits, it was assumed that such taxes...

In addition to the usual range of local, state, and Federal taxes, the telecommunications sector faces a number of specific taxes and tax-like fees not faced by other industries. There is clear evidence that these sector specific taxes fail to satisfy the usual criteria of fairness, efficiency,...

Although the R&D tax credit is viewed, in part, as the equivalent to a uniform tax on all inputs, the effect is minimal (to the extent its effect is uniform across all inputs) and creates no substitution distortions. Shows that the current system offers a greater marginal incentive for R&D than...