The Surprising Incidence of a Tax on Pure Rent
A New Answer to an Old Question
Bibliographic Data
| ID | 10176266 |
|---|---|
| Authors | Martin Feldstein (corresponding author) |
| Year | 1977 |
| Volume | 85 |
| Issue | 2 |
| Pages | 349-360 |
| Publication date | 1977-04-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260566 |
| OpenAlex | W2028264025 |
| Language | EN |
| Citations received | 26 |
| References cited | 3 |
The classic example of an unshiftable tax is the general tax on pure rental income. Since Ricardo, economists have believed that the annual net rental income of unimproved land falls by the amount of the annual tax and its price by the capitalized value of this tax. This paper shows that these conclusions are false, that the tax on pure land rents is at least partly shifted, and that the price of land may be increased by the imposition of a tax. Implications are suggested for the analysis of the corporate income tax and the taxation of natural resources
Ad valorem tax · Direct tax · Economic rent · Economics · Income tax · Indirect tax · Microeconomics · Monetary economics · Public economics · Renting · Tax incidence · Tax reform · Value-added tax · Climate Change Policy and Economics · Economic theories and models · Fiscal Policy and Economic Growth
Financing Public Capital When Rents Are Back
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Marktgerechte Erbbaurechte
The negative natural rate of interest in the modern theories of Liquidity Trap and Secular Stagnation
Libertarianism and Private Property in Land
Coordinating Opposite Approaches to Managing Urban Growth and Curbing Sprawl
The Incidence of a Tax on Pure Rent
General Equilibrium Tax Incidence under Imperfect Competition
The Role of Intergenerational Transfers in Aggregate Capital Accumulation
The Incidence of a Tax on Pure Rent
Property Tax Incidence with a Public Sector
The Impact of Taxation and Valuation Practices on the Timing and Efficiency of Land Use
The Labour Scarcity Controversy Reconsidered
Efficient decentralized fiscal and environmental policy
Income redistribution and the effects of five local taxes in a small region
Closing the emission price gap
Allyn Young on Henry George and the Single Tax
Sustainable urban development and land value taxation
Can land taxes foster sustainable development? An assessment of fiscal, distributional and implementation issues
Housing and Endogenous Long-Term Growth
Can the land tax help curb urban sprawl? Evidence from growth patterns in Pennsylvania
Taxing Residential Housing Capital
Growth, equality, and history
Economic Effects of Taxes on Land
Taxation
Building-Tax Abatements
| Unique citing works | 26 |
|---|---|
| Citations per year | 0.55 |
| Citation span | 1979 - 2023 (45) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 24 |