Regionalism, Federalism, and Taxation: A Food and Farm Perspective

Patrick Canning ; Marinos Tsigas

United States Department of Agriculture

关键词: Cost of capital;    fiscal policy;    marginal effective tax rate;    regional applied general equilibrium;    regional household welfare;    State and Federal taxation and reform;   

RP-ID  :  TB-1882

学科分类：农业科学（综合）

美国|英语

来源: United States Department of Agriculture Publications

【 摘 要 】

This report documents an applied general equilibrium model of the United States. The model features explicit treatment of Federal, State, and local taxes and is segmented into 10 distinct subregions. These subregions engage in inter- and intraregional trade, as well as international trade. Each region is distinguished by its unique composition of industries, capital markets, and patterns of trade. Regional data developed for calibrating the model are discussed and several tax policy reform simulations demonstrate the modeling capabilities.