NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Apocalypse Now? Fundamental Tax Reform and Residential Housing Values

Donald Bruce, Douglas Holtz-Eakin

NBER Working Paper No. 6282
Issued in November 1997
NBER Program(s):Public Economics

Using a simulation model crafted to integrate the short-run and long-term impacts of tax" reform on the housing market, we find modest impacts from fundamental reform of the Federal" income tax. These results suggest that concerns over the impact of tax reform on housing values" and household net worth are overstated. To the extent that reform is otherwise desirable drastic effects on the housing market should not stand as an impediment to reform."

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Document Object Identifier (DOI): 10.3386/w6282

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