The Surprising Incidence of a Tax on Pure Rent: A New Answer to an Old Question

摘要: The classic example of an unshiftable tax is the general on pure rental income. Since Ricardo, economists have believed that annual net income unimproved land falls by amount and its price capitalized value this tax. This paper shows these conclusions are false, rents at least partly shifted, may be increased imposition a Implications suggested for analysis corporate taxation natural resources.