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E-book
Author Laffer, Arthur B

Title An Inquiry into the Nature and Causes of the Wealth of States : How Taxes, Energy, and Worker Freedom will Change the Balance of Power Among States
Published Hoboken : Wiley, 2014

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Description 1 online resource (367 pages)
Contents AN INQUIRY into the Nature and Causes of the Wealth of States; Contents; Prologue; Chapter 1 The Fall from Grace: The Story of States 11 and the Income Tax Adopted; The Implementation of an Income Tax-A Terrible Mistake; That Giant Sucking Sound Is People, Output, and Tax Revenue Fleeing Income Taxes; Economic Malaise; Misleading Measures; Ohio; The Story of New Jersey-A Colorful Example of Opportunity Wasted; Lower Tax Revenue; The Rhetoric Surrounding Tax Revenue and the Decline in Public Services; The Case of the Disappearing Tax Revenue; Connecticut
No Bang for the Buck-How Costly Tax Increases Fail to Result in Better Provision of Public ServicesChapter 2 Economic Metrics; Primary Economic Metrics; Tax Revenue Performance of All States over the Past Decade; The ALEC-Laffer State Rankings; Internal Revenue Service Tax Migration Data; Chapter 3 The Nine Members of the Fellowship of the Ring to Balance Out the Nine Nazgûl; An Analysis of the Top Personal Income Tax (PIT) Rates; Public Services and the Personal Income Tax; The Effects of Oil and Severance Taxes; A Longer-Term View of the Data; An Analysis of Corporate Income Taxes
An Analysis of the Overall Tax BurdenAn Analysis of the ALEC-Laffer State Economic Competitiveness Index; Chapter 4 Piling On; An Analysis of the Property Tax Burden; An Analysis of the Sales Tax Burden; Estate and Inheritance Taxes; Right-to-Work Laws; Labor Force Unionization; State Minimum Wages; Chapter 5 Give unto Caesar; New Hampshire-Case in Point; Top Traders; Real-Time Mobility Index; Chapter 6 Why Growth Rates Differ: An Econometric Analysis of the Data; List of Variables; Gross State Product Growth: Single-Variable Analysis; Gross State Product Growth: Two-Variable Analysis
Gross State Product Growth: Three-Variable AnalysisPopulation Growth: Single-Variable Analysis; Population Growth: Two-Variable Analysis; Population Growth: Three-Variable Analysis; Population Growth: Four-Variable Analysis; Conclusions; Annotated Econometric Bibliography; Key Quotes from Econometric Bibliography; Chapter 7 Fiscal Parasitic Leakages: Texas versus California; A Tale of Two States-A 55-Point Summary; The November 2012 Elections in California and Texas; The People Have Spoken; Economic Performance: California, Texas, and the United States; A Brief Note on Poverty Metrics
The Texas Oil Boom and California's Oil Bust: A Clash of Economic CulturesAn Overview of Total State and Local Government Revenues-Texas and California; Texas, California, and the United States: A Comparison of Tax Revenue and Debt Financing; Policy Variables Affecting Growth; The Relationship among Taxation, Spending, and the Achievement of Policy Objectives-A Story of Parasitic Leakages; Intergovernmental Revenues, Federally Mandated Social Services, and State Welfare, Medicaid, and Food Stamp Programs; Temporary Assistance for Needy Families (TANF); Medicaid
Summary A passionate, detailed, quantified argument for state-level tax reform An Inquiry into the Nature and Causes of the Wealth of States explains why eliminating or lowering tax burdens at the state level leads to economic growth and wealth creation. A passionate argument for tax reform, the book shows that even states with small populations can benefit enormously with the right policies. The authors' detailed exposition evaluates the impact state and local government policies have on a state's relative performance and economic growth overall, backed up with economic data an
Notes Supplemental Nutrition Assistance Program (SNAP)Alias Food Stamps
Print version record
Subject Finance, Public -- United States -- States.
Fiscal policy -- United States -- States
Income tax -- United States -- States
BUSINESS & ECONOMICS -- Economics -- Macroeconomics.
POLITICAL SCIENCE -- Economic Conditions.
Finance, Public -- U.S. states
Fiscal policy -- U.S. states
Income tax -- U.S. states
United States
Form Electronic book
Author Moore, Stephen
Sinquefield, Rex A
Brown, Travis H
ISBN 9781118921241
1118921240
9781118921234
1118921232