ECONOMICS OF TAXATION

ECONOMICS 510-Fall 2021

TENTATIVE--SUBJECT TO CHANGE

Course Schedule, Announcements and Related Material

The schedule reviews material that has been covered in previous classes and topics to be addressed in the upcoming lectures.

The schedule will be revised periodically. 

Dates Lecture

Coverage

Week 1

 Lecture 1

Introduction and procedural details (Ch. 1-2)

8/24 to 8/26

 Lecture 2

Efficiency and market failure (Ch. 3)

Public goods, Ch 4 and externalities, Ch. 5.

Week 5
8/31 to 9/2

Detailed discussion of efficiencyMarket failure--Pigovian taxes, environmental taxes, cap and tradShome, pp. 104-112, (Shome-Table of Contents) Nordhaus' Review of Stern Report 

Week 3
9/7 to 9/9

  

Conclude efficiency, public goods, and externalities.  Taxing Carbon-TPC. Begin principles of taxation. 

Week 4
9/14 to 9/16

  

Principles of taxation--Rosen & Gayer, Ch. 14-16.

Shome, pp. 3-24, 25-29, 30-34, 35-45, and 59-61

Week 4
9/21 to 9/23

  

Principles of taxation continue


Conclude principles of taxation

Week 5
9/28 toro 9/30

  

Introduction to income taxation--Rosen & Gayer, Ch. 17-18.

HM, Ch. 15, Shome, pp. 50-54, 117-133.

Week 6
10/5 to10/7

  

Income taxation continues, Piketty and Saez, How Progressive is the U.S. Federal Tax System? Journal of Economic Perspective, Winter 2007; Mankiw, Weinzierl, and Yagan, Journal of Economic Perspective, Fall 2009

Week 7
10/12 to 10/14  

   AEI--Tax individuals, not couples

Week 8
10/19 to 10/21

   Income taxation continues, Diamond and Saez, The Case for a Progressive Tax: From Basic Research to Policy Recommendations

Week 8
10/19 to 10/21

   First Exam--Take-home and In-Class
   

Income taxation, Keane, Labor Supply and Taxes: A Survey, Journal of Economic Literature, December 2011, Income taxation concludes S. Giertz, "The Elasticity of Taxable Income: Influences on Economic Efficiency and Tax Revenues, and Implications for Tax Policy," in Tax Policy Lessons from the 2000s.
   

Business and corporate taxation--Rosen & Gayer, Ch. 19.
Shome, pp. 134-148, 149-168, 181-184 (Shome-Table of Contents). Bird, Why Tax Corporations?

    Conclude business and corporate taxation, discuss project  Corp. Tax Avoidance-NYTimes
Consumption taxation--Rosen & Gayer Ch. 21.

HM. Ch. 14, Shome, pp. 71-74, 75-79, 80-81, 82-86, 86-99, and 169-176.

Corporate tax reform-Villard.
    Joel Slemrod on Weird Taxes of the Past and Their Lessons for Tax Policy—Tulane, New Orleans (63 minutes);
Joel Slemrod on Taxes and Inequality –Helsinki (27 minutes);
 James Poterba (panel moderator) The Facts about Taxes: Summarizing the State of Knowledge—Chicago (89 minutes);  
 Joel Slemrod on Policy Insights from a Tax-systems Perspective--Barcelona GSE Lecture (96 minutes) 
    Consumption taxation,  Viard-AEI-Prog. consumption tax video, VAT Reader (especially Cnossen, Bartlett, and Slemrod) Tax Reform Video--Time to �86 the Tax Code? Prospects for Tax Reform After 25 Years
Competitiveness Video--Joel Slemrod, Is Competitiveness Worth Defending?
    Continue consumption taxation.
    Conclude consumption taxation.  Begin Wealth taxation;  Rosen & Gayer, 219-221. Shome, pp. 188-191;  Fiscal Federalism, Rosen & Gayer, pp.251-260, Shome, 247-253;  Property taxation, Rosen & Gayer, 260-267, Shome, pp 185-187.  Zodrow, Who Pays the Property Tax?
     Wealth taxation;  Rosen & Gayer, 219-221. Shome, pp. 188-191;  Fiscal Federalism, Rosen & Gayer, pp.251-260, Shome, 247-253;  Property taxation, Rosen & Gayer, 260-267, Shome, pp 185-187.  Zodrow, Who Pays the Property Tax?
    Wealth taxation concludes.  Begin tax reform.
    Taxes on financial transactions, import and export duties.  Kenneth Rogoff--The Overselling of Financial Transaction Taxes, Shome, 199-215, Tax Policy Center.  Tax administration--Revenue forecasting, Shome-254 
    Class Presentations--Class time extended.
    FINAL EXAMINATION: The final examination--7:00-10:00 p. m., Thursday, December 16 in regular classroom.

Back to Main Page