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Revisiting the Excise Tax Effects of the Property Tax: Working Paper 2012-05

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  • Athiphat Muthitacharoen
  • George R. Zodrow

Abstract

This paper analyzes the excise tax effects of a general property tax from the perspective of a small open economy facing a perfectly elastic supply of capital, focusing on the mix of forward tax-shifting to consumers and backward tax-shifting to labor and landowners. The model utilized differs from most that have appeared in the property tax literature as follows: (1) the property tax is applied in a four-sector model with three taxed sectors—manufacturing which produces a tradable good, housing and services which produce nontradable goods, and a tax-exempt agricultural

Suggested Citation

  • Athiphat Muthitacharoen & George R. Zodrow, 2012. "Revisiting the Excise Tax Effects of the Property Tax: Working Paper 2012-05," Working Papers 42926, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:42926
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    File URL: https://www.cbo.gov/sites/default/files/112th-congress-2011-2012/workingpaper/WorkingPaper2012-05-ExciseTaxEffectsOfPropertyTax_1.pdf
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    References listed on IDEAS

    as
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    5. George R. Zodrow, 2019. "The Property Tax as a Capital Tax: A Room with Three Views," World Scientific Book Chapters, in: George R Zodrow (ed.), TAXATION IN THEORY AND PRACTICE Selected Essays of George R. Zodrow, chapter 15, pages 461-487, World Scientific Publishing Co. Pte. Ltd..
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