Record number :
92013
Title of article :
The Effect of Dividend Tax Relief on Investment Incentives
Author/Authors :
Carroll، Robert نويسنده , , Hassett، Kevin A. نويسنده , , III، James B. Mackie نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2003
Pages :
-628
From page :
629
To page :
0
Abstract :
Reducing the double tax on corporate income has an ambiguous effect on marginal effective tax rates. It depends on the specifics of the policy, the extent of debt finance, whether one adopts the new or the old view of dividend taxes, the identity of the marginal investor, the importance of international capital flows, and the replacement tax regime. We illustrate or discuss each of these sources of ambiguity. We also model the excludable dividend amount (EDA), a feature of the President’s dividend tax proposal, and we calculate the marginal effective tax rate for the 5/15 dividend and capital gains tax relief proposal that has become law.
Keywords :
PICTORIAL ART
Journal title :
NATIONAL TAX JOURNAL
Serial Year :
2003
Link To Document :
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