Few realize how bad the federal government's finances are, because most evaluations are based on what happened in the past--not what is likely to happen in the future.

The author concludes that fiscal policy is a more potent countercyclival tool than monetary policy under flexible exchange rates.

This analysis compares the current tax system with one that would exempt the foreign dividends of American corporations from U.S. taxes.

Do saving incentives such as Individual Retirement Accounts stimulate new saving or merely reshuffle existing assets?

This volume explores the causes and costs of tax avoidance and provides a useful guide to the key conceptual issues that must be addressed in order to design a truly effective tax reform.

Do saving incentives such as Individual Retirement Accounts stimulate new saving or merely reshuffle existing assets?

This book argues for greater national uniformity in state and local taxes that affect interstate commerce.

Seemingly common-sense taxation approaches raise issues of equity, tax administration, and unintended economic consequences.

The author discusses key concepts in consumption and income taxes and identifies the problems of a transition to a consumption-based system.

The authors of this volume challenge the common perception that the removal of old distortions from the tax system would seriously hurt segments of the economy.