BibTeX
@MISC{Gravelle_reducingdepreciation,
author = {Jane G. Gravelle},
title = {REDUCING DEPRECIATION ALLOWANCES TO FINANCE A LOWER CORPORATE TAX RATE},
year = {}
}
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Abstract
This paper considers the tradeoffs in using revenues from slowing depreciation deductions to lower the corporate tax rate. It estimates how much the rate could be lowered and the resulting effective tax rates on different types of assets. Two issues arise: the overall effect on marginal tax burdens and the challenges of using a provision that largely refl ects timing effects to fi nance a steady state rate reduction.
