Tagged: property taxes

Brownean motion - The Dismal Science

Eric Crampton • Mar 10, 2014 •

• Auckland,
• Ed Glaeser,
• property taxes

There is one big rule in local public finance. Do not use local income taxes to fund city governments. Ed Glaeser helps explain why:In addition, some cities, like New York and Philadelphia, also have income or wage taxes that generate significant reven... Read More

Can tax and subsidy incidence really be negative? - The Dismal Science

Seamus Hogan • May 16, 2013 •

• Capital Gains Tax,
• Gareth Morgan,
• housing,
• property taxes

Imagine a country where shoes cannot be imported and furthermore the elasticity of supply of shoes is very low. Imagine that the government in this country subsidises shoes. The person on the street who doesn't understand tax incidence might think that... Read More