NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by A. Thomas King

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Working Papers

March 1980Static and Dynamic Resource Allocation Effects of Corporate and PersonalTax Integration in the U.S.: A General Equilibrium Approach(Rev)
with Don Fullerton, John B. Shoven, John Whalley: w0337
This paper presents estimates of static and dynamic general equilibrium resource allocation effects for four alternative plans for corporate and personal income tax integration in the U.S. A medium—scale numerical general equilibrium model is used which integrates the U.S. tax system with consumer demand behavior by household and producer behavior by industry. Results indicate that total integration of personal and corporate taxes would yield an annual static efficiency gain of around $4 billion (1973 dollars). Partial integration plans yield less. Dynamic effects are larger, and our analysis indicates that full integration may yield gains whose present value is as large as $400 billion or 0.8% of the discounted present value of the GNP stream to the U.S. economy after correction for pop...

Published: Fullerton, Don; King, A. Thomas; Shoven, John B.; and Whalley, John. "Corporate Tax Integration in the United States: A General Equilibrium Approach, The American Economic Review, Vol. 71, No. 4, (September 1981), pp. 677-691.

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