This book presents a selection of essays on public finance, which is concerned with taxation, income maintenance, and social security, with emphasis on the analysis of policy alternatives to improve tax and transfer systems. It is useful for those who are interested in learning tax policy issues.
Foreword -- Introduction -- Distribution of Tax Burdens -- The Rich, the Poor, and the Taxes they Pay* -- Who Paid the Taxes, 1966–85?* -- Individual Income Taxation -- The Personal Income Tax* -- Comprehensive Income Tax Reform* -- Erosion of the Individual Income Tax* -- The Comprehensive Income Tax Concept* -- Tax Issues -- The Family* -- Capital Gains and Losses* -- Adjusting for Inflation* -- Consumption Expenditure Tax* -- Value-Added Tax* -- Estate Taxes* -- Implementing Tax-Based Incomes Policies* -- Financing a Federal System -- Intergovernmental Fiscal Relations* -- State-Local Finance Beyond Revenue Sharing* -- Income Maintenance -- Is a Negative Income Tax Practical?* -- The New Jersey Negative Income Tax Experiment* -- Social Security -- The Objectives of Social Security* -- Evaluation of the US Social Security System* -- Foreign Tax Systems -- Taxation in Japan* -- Taxation in Great Britain* -- Implications of International Tax Trends*