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Rethinking Estate and Gift Taxation

Author : William G. Gale

Publisher : Rowman & Littlefield

Page : 529 pages

File Size : 50,98 MB

Release : 2011-07-01

Category : Business & Economics

ISBN : 0815719868

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Book Description

Although estate and gift taxes raise a small fraction of federal revenues, they have become sources of increasing political controversy. This book is designed to inform the current policy debate and build a conceptual basis for future scholarship. The book contains eleven original studies of estate and gift taxes, along with discussants' comments. The essays provide background and historical information; analyze the optimal taxation of estates and gifts; examine the effects of the tax on charitable contributions, saving behavior, the distribution and level of wealth, tax avoidance and tax evasion; and explore the effects of alternatives to estate taxation.



Rethinking Estate and Gift Taxation

Author : William G. Gale

Publisher : Rowman & Littlefield

Page : 544 pages

File Size : 43,75 MB

Release : 2011-07-01

Category : Business & Economics

ISBN : 9780815719861

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Book Description

Although estate and gift taxes raise a small fraction of federal revenues, they have become sources of increasing political controversy. This book is designed to inform the current policy debate and build a conceptual basis for future scholarship. The book contains eleven original studies of estate and gift taxes, along with discussants' comments. The essays provide background and historical information; analyze the optimal taxation of estates and gifts; examine the effects of the tax on charitable contributions, saving behavior, the distribution and level of wealth, tax avoidance and tax evasion; and explore the effects of alternatives to estate taxation.



Rethinking Federal Housing Policy

Author : Edward Ludwig Glaeser

Publisher : A E I Press

Page : 232 pages

File Size : 50,80 MB

Release : 2008

Category : Business & Economics

ISBN :

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Book Description

In Rethinking Federal Housing Policy: How to Make Housing Plentiful and Affordable, Edward L. Glaeser and Joseph Gyourko explain why housing is so expensive in some areas and outline a plan for making it more affordable.



The Federal Gift Tax

Author : David Joulfaian

Publisher :

Page : 0 pages

File Size : 42,41 MB

Release : 2007

Category :

ISBN :

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Book Description

The gift tax was first enacted in 1924, repealed in 1926, overhauled and reintroduced in 1932. At its peak in fiscal year 1999, it raised $4.6 billion in revenues, before the recent phased-in tax rate reductions ushered by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) took effect. It is noteworthy that the gift tax was first enacted as a protective measure to minimize estate and income tax avoidance, and not for its direct revenue yield. Similarly, EGTRRA, while phasing out the estate tax, retained the gift tax for the very same reasons. Unlike the estate tax which faces an uncertain future, the gift tax is little affected by recent legislative proposals and will remain part of the tax code for the foreseeable future. Nevertheless, the gift tax has been the subject of little scrutiny and studies of its economic implications are rare. This paper is an attempt to fill this void. It traces the evolution of the gift tax since its inception, and sketches out the structure of the tax and its complex interactions with the income and estate taxes. The paper also provides an overview of the direct fiscal contribution of the gift tax, and traces the number of taxpayers over time as well as their attributes. It concludes with a discussion of the behavioral effects of the gift tax and a review of the scant literature. These include empirical evidence on the choice between gifts and bequests, timing of gifts, and compliance among others.





Rethinking the Economics of Land and Housing

Author : Josh Ryan-Collins

Publisher : Zed Books Ltd.

Page : 306 pages

File Size : 34,84 MB

Release : 2017-02-28

Category : Business & Economics

ISBN : 1786991217

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Book Description

Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.



The Federal Estate Tax

Author : David Joulfaian

Publisher : MIT Press

Page : 213 pages

File Size : 23,88 MB

Release : 2024-02-06

Category : Business & Economics

ISBN : 026255111X

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Book Description

A comprehensive and accessible account of the U.S. estate tax, examining its history and evolution, structure and inner workings, and economic consequences. Governments have been levying some form of inheritance tax since the ancient Egyptians did so in the seventh century BC. In the United States, the federal government experimented with various forms of inheritance taxes, settling on an estate tax in 1916 and a gift tax in 1932. Despite this long history, there are few empirical studies of the federal estate tax. This book offers the first comprehensive look at U.S. estate and inheritance taxes, examining their history and evolution, structure and inner workings, and economic consequences. Written by David Joulfaian, a veteran economist at the U.S. Department of the Treasury, the book provides accessible accounts of such topics as changes in tax laws, issues of equity, the fiscal contribution of the estate tax, and its behavioral effects. Joulfaian traces the evolution of U.S. inheritance taxes from 1797 to the present, noting that the estate tax rate and base expanded through 1976, then began to decline. He describes the tax itself, explaining that it currently applies to estates and gifts in excess of $11.18 million, and outlines applicable deductions and credits. He sketches a profile of taxpayers and their beneficiaries; surveys the revenues from estate and gift taxes; and discusses the effect of estate taxation on labor decisions, saving and wealth accumulation, charitable giving, life insurance ownership, and other economic activities. Finally, he addresses criticisms of the estate tax and analyzes its shortcomings. Accompanying tables present a wealth of data gathered by Joulfaian in his research and not available elsewhere.



Museums in a Time of Migration

Author : Pieter Bevelander

Publisher :

Page : 262 pages

File Size : 13,55 MB

Release : 2018-06-06

Category : Social Science

ISBN : 9188661059

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Book Description

Migration has, across time, contributed to the development and reshaping of societies and urban spaces. Today, migration movements have become a global phenomenon, where the number of countries affected--socially, economically and culturally--by migration is continually increasing. As in past times, the reasons why people move are varied and often intertwined. Sometimes it is about people fleeing poverty, war, ethnic conflicts, environmental disasters or different forms of persecution--for example religious. However, people also move for other reasons, such as work and studies in other countries, or out of curiosity and a sense of adventure. International migration and mobility have implications for many sectors in society, including the museum sector. To be in tune with the times and relevant to all citizens, the museum sector needs, more than ever, to address issues that transcend national borders. As important educational institutions often visited by, amongst others, schoolchildren, museums have the potential to affect our notions of the world. By making museums places for exploring and learning about both the past and the present of issues such as migration, mobility, transnational connections and human rights, they not only become more relevant as cultural institutions, but may also facilitate positive changes in how people relate to each other in the wider society--thereby ultimately contributing to society's sustainable development. This book seeks to contribute to the discussion about how museums can improve their engagement in issues of migration and becoming more inclusive. The book provides both relevant theoretical reflections and new and innovative empirical examples on museums' engagement in migration from several parts of the world. Several distinguished scholars and curators discuss and reflect on museums' perspectives, collecting practices, collaborations, and representations of migration.



Rethink Property Investing, Fully Updated and Revised Edition

Author : Scott O'Neill

Publisher : John Wiley & Sons

Page : 343 pages

File Size : 34,84 MB

Release : 2023-09-22

Category : Business & Economics

ISBN : 1394188587

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Book Description

The definitive guide to building a profitable commercial property portfolio — now fully updated and revised Australia’s bestselling commercial property book, Rethink Property Investing, offers practical advice for any investor looking to move beyond traditional residential real estate and enter the profitable world of commercial properties. Leading investors Scott and Mina O’Neill show you how they retired at the age of 28 and now live off the income generated by their $75 million commercial property portfolio. This invaluable guide dispels the investing myths and demystifies complex property principles and strategies using a clear, straightforward, and easy-to-understand approach. This is the book Scott and Mina wished they had when they started out: an honest, no-nonsense handbook filled with practical examples, personal stories, expert advice and real-world information. Rethink Property Investing aims to help you earn enough passive income to retire early and enjoy your life — whether you’re a residential property investor looking to go to the next level or an experienced investor seeking a more advanced approach. Now fully updated and revised, this edition shares detailed new property examples and gives the lowdown on value-add opportunities and investment strategies like syndicates. Rethink Property Investing will show you how to: Build your own commercial property portfolio following 7 Easy Steps and the Top 5 Property Plays Follow the strategies Scott and Mina O'Neill used to build a $75 million portfolio in 12 years Maximise the performance of your existing property portfolio using proven techniques Understand how different commercial properties perform, especially in the current economic climate and with current interest rates Find the best commercial property opportunities available today so you can build a $200K passive income Learn how you can create wealth successfully through commercial property investing, using simple yet powerful strategies from two people who have been there and done that. From developing an investment mindset to financing and managing your property, Rethink Property Investing will guide you every step of the way.



Handbook of Public Economics

Author : Martin Feldstein

Publisher : Elsevier

Page : 744 pages

File Size : 40,25 MB

Release : 2002-01-25

Category : Business & Economics

ISBN : 0080544193

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Book Description

The Field of Public Economics has been changing rapidly in recent years, and the sixteen chapters contained in this Handbook survey many of the new developments. As a field, Public Economics is defined by its objectives rather than its techniques and much of what is new is the application of modern methods of economic theory and econometrics to problems that have been addressed by economists for over two hundred years. More generally, the discussion of public finance issues also involves elements of political science, finance and philosophy. These connections are evidence in several of the chapters that follow. Public Economics is the positive and normative study of government's effect on the economy. We attempt to explain why government behaves as it does, how its behavior influences the behavior of private firms and households, and what the welfare effects of such changes in behavior are. Following Musgrave (1959) one may imagine three purposes for government intervention in the economy: allocation, when market failure causes the private outcome to be Pareto inefficient, distribution, when the private market outcome leaves some individuals with unacceptably low shares in the fruits of the economy, and stabilization, when the private market outcome leaves some of the economy's resources underutilized. The recent trend in economic research has tended to emphasize the character of stabilization problems as problems of allocation in the labor market. The effects that government intervention can have on the allocation and distribution of an economy's resources are described in terms of efficiency and incidence effects. These are the primary measures used to evaluate the welfare effects of government policy.