Apocalypse Now? Fundamental Tax Reform and Residential Housing Values

37 Pages Posted: 13 Jul 2000 Last revised: 2 Sep 2022

See all articles by Donald Bruce

Donald Bruce

University of Tennessee, Knoxville

Douglas Holtz-Eakin

Syracuse University; National Bureau of Economic Research (NBER)

Date Written: November 1997

Abstract

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."

Suggested Citation

Bruce, Donald James and Holtz-Eakin, Douglas, Apocalypse Now? Fundamental Tax Reform and Residential Housing Values (November 1997). NBER Working Paper No. w6282, Available at SSRN: https://ssrn.com/abstract=226039

Donald James Bruce

University of Tennessee, Knoxville ( email )

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Douglas Holtz-Eakin (Contact Author)

Syracuse University ( email )

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