Taxes, Loans and Inflation
Taxes, Loans and Inflation shows how the misallocation of capital results from the interaction of tax laws, the operation of the market for loanable funds, and inflation. This book first analyzes the taxation of capital income, focusing on the distortions caused by tax arbitrage and on inflation-induced discriminations among both taxpayers and borrowers. It then applies this analysis to several related issues. Taxes, Loans and Inflation concludes with a reform agenda that calls for the adoption of a broader-based, flatter-rate income tax.
Gene Steuerle suggests that income from capital receives uneven treatment in both the tax system and the load markets.
This book also includes studies of government finance, and bibliographical references and index.