The housing crisis, foreclosures, and local tax revenues

The Local Response to Tax Limitation Measures: Do Local Governments Manipulate Voters to Increase Revenues?

This paper provides evidence that some cities subject to a statewide tax limit manipulate their mix of productive and administrative services in an attempt to get voters to override the statewide limit. When a statewide limit reduces a city’s budget, one manipulative response is to cut “service” inputs (for example, teachers or uniformed police officers) by a relatively large amount, while cutt...

The tax gap: America's underreported revenues

Investigating the Impact of Tax Revenues (Tax Expenditures) on Iran's Economic Growth

Taxes constitute the main sources of government revenue on one hand and, on the other hand, are one of the most important financial policy tools and can play a key role in economic growth and development. Therefore, it is important to identify tax payment potential as a step towards achieving these revenues. However, part of the tax revenue cannot be collected for legal and illegal reasons. In ...

Disparities Among Cities’ Sales Tax Revenues

Under what is known as the situs rule, a 1 percent locally levied sales tax is collected by the state but returned to the jurisdiction where the sale occurred. Thus, the situs rule gives cities an incentive to promote the location of retail businesses within their boundaries—an incentive that does not exist for residential or industrial development. Although sales taxes are a modest share of to...

Time Series Modelling of Daily Tax Revenues

We provide a detailed discussion of the time series modelling of daily tax revenues. The main feature of daily tax revenue series is the pattern within calendar months. Standard seasonal time series techniques cannot be used since the number of banking days per calendar month varies and because there are two levels of seasonality: between months and within months. We start the analysis with a p...