A predictive index for the flypaper effect

Article Abstract:

Variations of voter preferences and awareness are important factors that can adequately explain the flypaper effect. The flypaper effect is the tendency of lump-sum public grants to expand the expenditure of the local government more than a corresponding raise in private income. An index has been developed to appraise the unparallel tendency of heterogeneous communities to source from an intergovernmental grant. It is assumed by this predictive index that federal spending on administrative overhead measures the level of control voters have over fiscal policies.

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Capitalization of capital gains taxes: evidence from stock price reactions to the 1997 rate reduction

Article Abstract:

The impact of a drop in the rate for capital gains tax in the US in 1997, on stock prices, is examined in detail. The reasons for trends discovered are also explained.

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Supermajority voting requirements for tax increases: evidence from the states

Article Abstract:

The impact of supermajority requirements at state levels for a rise in taxes is examined in detail. The effect of unobserved attitudes is also assessed.

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