Switching from the current income tax to a consumption tax would cause only modest declines in the prices of stocks and owner-occupied homes.

Intense debate continues over the appropriate level of marginal income tax rates, particularly as policymakers consider whether to extend part or all of the 2001 and 2003 tax cuts, which are currently scheduled to expire at the end of 2012.

Institutional Foundations of Public Finance is not only a fitting tribute to David Bradford, but it is also a book that should be of interest to economists studying any of the topics that it covers.

The compelling case for replacing income taxation with consumption taxation has nothing to do with border adjustments.

Is life today more dangerous than it used to be? It certainly seems that way.

A discussion of the possibility of replacing the California sales tax and personal and corporate income taxes with a broad-based consumption-oriented retail sales tax.

Reducing the double tax on corporate income has an ambiguous effect on marginal effective tax rates.