23 research outputs found
Comparing State Income Tax Preferences for the Elderly in the Southeast - Brief
This brief looks at the current state of these tax preferences in the Southeast for those states that impose a major income tax and estimates the dollar value of these preferences. FRC Brief 14
Distribution of the Georgia Corporate and Net Worth Tax Liabilities, 1998 and 2005 - Brief
This brief illustrates the distribution of corporate and net worth income tax liabilities among Georgia corporations. FRC Brief 18
Kelo, Cuno, and the Broken Window
In June 2005, the Supreme Court made one of its least popular decisions in recent history. In Kelo v. New London, the Court missed a simple point: that local decision makers make local decisions.
A Closer Look at Georiga's Veteran Population - Brief
This policy brief looks at demographic characteristics of Georgia's veteran population and considers how the characteristics of veterans moving to Georgia between 1995 and 2000 differ from nonveterans. FRC Brief 17
Kelo, Cuno, and the broken window
In June 2005, the Supreme Court made one of its least popular decisions in recent history. In Kelo v. New London, the Court missed a simple point: that local decision makers make local decisions
Reciprocity and Competition: Is there a connection?
One challenge states face in designing an income tax system is decidint how to treat non-resident earners. Numerous states have entered into reciprocity agreements with other states that exclude non-residents’ income from the tax base. These agreements provide a unique opportunity to explore the nature of state tax competition. We demonstrate that not only do reciprocity agreements dampen competition over income taxes, but the states that enact agreements also exhibit decreased levels of competition over other tax bases. This suggests that reciprocity agreements are a credible vehicle for states to act cooperatively and avoid a potential race to the bottom
Georgia's Brain Gain - Brief
This brief investigates trends in the interstate migration of young college graduates. FRC Brief 19
Your Place in Space: Classroom Experiment on Spatial Location Theory
The authors detail an urban economics experiment that is easily run in the classroom. The experiment has a flexible design that allows the instructor to explore how congestion, zoning, public transportation, and taxation levels determine the bid-rent function. Heterogeneous agents in the experiment compete for land use utilizing a simple auction mechanism. Using the data that is collected, a bid-rent function is derived, and the experimental treatment is altered over the course of three sessions to uncover core concepts in urban economics. Moreover, this provides a tangible experience that can be used to help undergraduates relate to urban issues such as the steep rent gradient found around many larger colleges and universities.
Getting What You Pay For: The Case of Southern Economic Development
For the past fifty years, states of the American South have been competing with one
another in order to recruit businesses to locate within their borders. While previous research
has focused on assessing the short-term success of a tax-based recruitment plan, this paper addresses
an important gap in the literature by looking at the long-term consequences that such a
development policy can impose on a state’s industrial structure. By incorporating the role of
firm mobility, this paper demonstrates that at the state level, the effect of lowering the corporate
income tax on the factor intensity of a state’s manufacturing industries is theoretically ambiguous
because it is dependent on the type of firm that finds it easier to move. Using historical
data from 1957-1992 and a dynamic, partial adjustment model, this paper establishes an
empirical link between low corporate tax rates and labor-intensive manufacturing industries,
thereby suggesting that a low-tax policy is encouraging the immigration of footloose, laborintensive
firms. Moreover, the paper finds that the labor used tends to be of an unskilled (production)
nature, even as the national trend is to substitute away from unskilled labor into
skilled labor