Effects of tax reform on labor supply, investment, and saving

Article Abstract:

The effects of the tax reforms of the 1980s on various economic variables are assessed. Conclusions were reached after reconciling different measurement criteria and recognizing the existence of uncontrolled factors. In general, tax cuts and legislation such as the Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986 were not able to encourage private saving. The legislation played a minor role in the increase in labor supply but failed to increase capital investment.

Investments, Savings, Labor supply, Labor force

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Equity effects of the Tax Reform Act of 1986

Article Abstract:

The Tax Reform Act of 1986 is analyzed in terms of its effect on equity. The tax law is seen to have partly succeeded in raising horizontal equity by lightening the tax burden of big families. It has moderately influenced vertical equity by the virtue of its more uniform treatment of capital income. It has not been very effective, however, in establishing intergenerational equity although youth and the aged gained a little more from the law than middle-aged citizens.

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The structure of the tax system versus the level of taxation: an evaluation of the 1986 act

Article Abstract:

The 1986 Tax Reform Act is evaluated in the context of its consequences for future tax policies. The tax reform law's main benefit is the stability it has brought to the tax system. Tax increases which may be acceptable to the citizenry and necessary to augment government's financial reserves might be harder to introduce in the light of the tax law. In the final analysis, it is argued that the law was not beneficial to the tax system.

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