Tax shift  

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Kunstformen der Natur (1904) by Ernst Haeckel
Kunstformen der Natur (1904) by Ernst Haeckel

Tax shift or Tax swap is a change in taxation that eliminates or reduces one or several taxes and establishes or increases others while keeping the overall revenue the same. The term can refer to desired shifts, such as towards Pigovian taxes (typically sin taxes and ecotaxes) as well as (perceived or real) undesired shifts, such as a shift from multi-state corporations to small businesses and families.

Proposed or introduced

The following table lists tax shifts that have been proposed or introduced:

Name, location, proponent, source From To Claimed benefits
Green tax shift (see ecotax) various ecotax environment
Tax Shift for the Pacific Northwest (Durning & Bauman 1998) personal, corporate income tax, payroll tax, property tax, sales tax carbon tax, pollution tax, traffic tax, sprawl tax (Land value tax), resource consumption tax environment; public health; reduction of gridlock; countering

speculation; equity; administrative ease

Property tax shift (PTS) sales, income, and buildings Land value tax housing supply; sprawl; equity
Philadelphians for Land Value Tax Shift tax rates on structures land-value tax economic development, countering speculation
Illinois property tax individual and corporate income tax extra unearned income for landowners
Mississippi Tennessee Grocery or food tax cigarette tax public health; support for basic needs
Wyoming Tax Swap sales tax, use tax, and business personal property tax flat income tax  
FairTax personal income tax, payroll tax, corporate tax, capital gains tax, self-employment tax, gift tax, estate tax national retail sales tax with rebate provide tax burden visibility; reduce compliance costs; global competitiveness

Other uses

Tax swap can also refer to the sale of a security that has declined in price since its purchase and the simultaneous purchase of a similar but not identical security, in order to realize a loss for tax purposes while maintaining a position.

See also

Unless indicated otherwise, the text in this article is either based on Wikipedia article "Tax shift" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on original research by Jahsonic and friends. See Art and Popular Culture's copyright notice.

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