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Abstract

I. Introduction

II. One Tax System to Rule Them All ... A. The Current System ... B. The Proposed System ... 1. Tax Assignment ... 2. Intergovernmental Transfers ... 3. Expenditure Responsibility ... C. Constitutional Viability

III. Analysis of the One Tax System Proposal ... A. Tax Policy Considerations ... 1. Economic Efficiency ... 2. Tax Administrative Complexity ... 3. Equity ... B. Fiscal Federalism Considerations ... 1. Tax-Specific Considerations ... 2. Tax-Coordination Considerations ... 3. Behavioral Economics and the Benefits of Interstate Governmental Competition

IV. Other Alternatives ... A. Uniform Taxpayer Nexus and Apportionment ... B. Full Uniformity Except Tax Rates

V. Conclusions

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