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The Elusive Incidence of the Corporate Income Tax: The State Case

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  • Charles E. McLure, Jr.

Abstract

A recurring theme in the literature on taxation has been uncertainty about the incidence of the corporate income tax. The answer may be even more elusive for state taxes than for federal taxes. As seen by one state, a cor- porate income tax levied on the basis of formula apportionment of total income is a composite of taxes levied on whatever factors enter the state's apportion- ment formula. Such a tax is likely to be borne primarily by residents of the taxing state, as consumers, immobile workers, and owners of land and immobile capital. Substantial shifting to consumers or capitalists throughout the nation is unlikely.

Suggested Citation

  • Charles E. McLure, Jr., 1981. "The Elusive Incidence of the Corporate Income Tax: The State Case," NBER Working Papers 0616, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:0616
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    References listed on IDEAS

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    1. Arnold C. Harberger, 1962. "The Incidence of the Corporation Income Tax," Journal of Political Economy, University of Chicago Press, vol. 70(3), pages 215-215.
    2. Ballentine, J Gregory, 1978. "The Incidence of a Corporation Income Tax in a Growing Economy," Journal of Political Economy, University of Chicago Press, vol. 86(5), pages 863-875, October.
    3. McLure, Charles Jr., 1977. "Taxation and the urban poor in developing countries," World Development, Elsevier, vol. 5(3), pages 169-188, March.
    4. Boskin, Michael J, 1978. "Taxation, Saving, and the Rate of Interest," Journal of Political Economy, University of Chicago Press, vol. 86(2), pages 3-27, April.
    5. Charles E. McLure, Jr., 1980. "Taxes, Saving, and Welfare: Theory and Evidence," NBER Working Papers 0504, National Bureau of Economic Research, Inc.
    6. E. Philip Howrey & Saul H. Hymans, 1978. "The Measurement and Determination of Loanable-Funds Saving," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 9(3), pages 655-685.
    7. McLure, Charles Jr., 1975. "General equilibrium incidence analysis : The Harberger model after ten years," Journal of Public Economics, Elsevier, vol. 4(2), pages 125-161, February.
    8. Stiglitz, Joseph E., 1973. "Taxation, corporate financial policy, and the cost of capital," Journal of Public Economics, Elsevier, vol. 2(1), pages 1-34, February.
    9. Michael J. Boskin, 1978. "Taxation, Saving, and the Rate of Interest," NBER Chapters, in: Research in Taxation, pages 3-27, National Bureau of Economic Research, Inc.
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