WorldCat Identities

Bradford, David F. 1939-

Works: 75 works in 470 publications in 1 language and 9,302 library holdings
Genres: Conference papers and proceedings 
Roles: Author, Editor, Other
Classifications: HJ4652, 336.24150973
Publication Timeline
Most widely held works by David F Bradford
Untangling the income tax by David F Bradford( Book )

15 editions published between 1986 and 2013 in English and held by 650 WorldCat member libraries worldwide

Taxation, wealth, and saving by David F Bradford( Book )

12 editions published in 2000 in English and Undetermined and held by 416 WorldCat member libraries worldwide

"This book is divided into four parts. Part I covers the broad issues involved in comparing income to consumption as a tax base. Part II, which presents some of the most interesting analytical challenges concerning income and consumption taxes, contains the most technical papers in the collection. Part III addresses the potential deployment of the consumption approach to taxation. Moving in another direction, Part IV focuses on savings and investment, in particular the gap between the statistical evidence of rates of saving and investment and the economic theory that describes this behavior."--Jacket
Distributional analysis of tax policy( Book )

7 editions published in 1995 in English and held by 363 WorldCat member libraries worldwide

The economics of property-casualty insurance by David F Bradford( Book )

16 editions published between 1993 and 2007 in English and Undetermined and held by 337 WorldCat member libraries worldwide

The Economics of Property-Casualty Insurance presents new research and findings on key aspects of the economics of the property-casualty insurance industry. The volume explores the industrial organization, regulation, financing, and taxation of this business. The first paper, on external financing and insurance cycles, contains a wealth of information on trends and patterns in the industry's financial structure. The last essay, which compares performance of stock and mutual insurance companies, takes a fresh look at the way a company's organizational structure affects its responses to different
The X tax in the world economy : going global with a simple, progressive tax by David F Bradford( Book )

19 editions published between 2003 and 2004 in English and held by 277 WorldCat member libraries worldwide

"This study explores how the tax design called the X tax could alleviate the complexities and avoidance opportunities plaguing the existing U.S. system for taxing international business income. In addition to laying out the general efficiency, equity, and administrative characteristics of an X tax, David F. Bradford considers, in particular, the fundamental choice between two treatments of transborder business transactions: the origin and destination principles."--Jacket
Blueprints for basic tax reform by David F Bradford( Book )

6 editions published in 1984 in English and held by 256 WorldCat member libraries worldwide

Institutional foundations of public finance : economic and legal perspectives( Book )

3 editions published in 2008 in English and held by 232 WorldCat member libraries worldwide

"The contents of this volume were originally presented at a conference entitled 'Key issues in public finance : a conference in honor of David Bradford, ' which was held at NYU Law School on May 5, 2006"--Introduction
Fundamental issues in consumption taxation by David F Bradford( Book )

6 editions published in 1996 in English and Undetermined and held by 231 WorldCat member libraries worldwide

Deferment policy in Selective Service by David F Bradford( Book )

7 editions published in 1969 in English and held by 221 WorldCat member libraries worldwide

Intergenerational transfers under community rating by David F Bradford( Book )

2 editions published in 1996 in English and held by 153 WorldCat member libraries worldwide

Transition to and tax rate flexibility in a cash-flow type tax by David F Bradford( Book )

18 editions published between 1997 and 1998 in English and held by 96 WorldCat member libraries worldwide

Abstract: The difficulty of making a transition from an income-type to a consumption-type tax is often cited as an obstacle to such a change in policy. The problem is the double taxation of 'old savings' or 'old capital.' A person who has accumulated wealth under an income tax will be hit with an extra tax on the consumption financed by that accumulation with a shift to a consumption tax. Such a transition effect raises issues of equity, political feasibility and efficiency. In the typical implementation of a consumption tax, the same sorts of transition phenomena associated with a shift from an income tax come from any change in the rate of tax. Introduction of a consumption tax is the same as raising the rate of consumption tax from zero to whatever positive rate is envisioned for the new system. Consequently, the problem of transition to a consumption tax generalizes to the problem of changing the rate of consumption tax. In this paper I consider the design of rules that render consumption taxes in the family of business cash-flow taxes immune to the incentive and incidence effects of changes in rate of tax. I show that two relatively simple approaches are available to deal with it: grandfathering the tax rate applicable to a given period's investment or substituting depreciation allowances for the usual expending of investment, coupled with a credit for the equivalent of interest on the undepreciated investment stock. A cost of this approach is its requirement to identify tru depreciation and, in the second case, the real rate of interest
The influence of income tax rules on insurance reserves by David F Bradford( Book )

18 editions published between 1996 and 1997 in English and held by 95 WorldCat member libraries worldwide

Federal income tax rules, and especially changes in those rules, combine with financial market circumstances (interest rates) to create incentives bearing on property-casualty insurers' decisions regarding the level of loss reserves to report. These incentives have varied substantially over the period since 1980. In particular, transition effects due to the Tax Reform Act of 1986 created unusually large incentives to overstate reserves in reporting years 1985-1987. Because they amount to forecasts of quite variable quantities, reserves are inevitably subject to correction over time, making inferences from the time series evidence difficult. Furthermore, taxes are not the only sources of biasing incentives that may vary from time to time. Still, the picture in aggregate industry data presented in the paper is broadly consistent with the tax-motivated reserving hypothesis
Fixing capital gains : symmetry, consistency and correctness in the taxation of financial instruments by David F Bradford( Book )

19 editions published between 1996 and 1997 in English and held by 93 WorldCat member libraries worldwide

A great deal of effort and ingenuity has been addressed to patching holes in the income tax attributable to realization accounting. A classic instance of the problem is the headachescreated by capital gains, whereby the taxpayer can choose to postpone recognition of gain and accelerate recognition of loss (known as cherry picking). The inconsistencies resulting from realization accounting are most pronounced than in the taxation of financial instruments, especially requirements for income measurement rules based on realization that are linear' in the sense that doubling a person's transactions will double the taxable income, and adding one set of transactions to another will result in the sum of the associated income. Under present realization conventions, the tax law cannot be linear because there would then be no limit on tax arbitrage profit via variations on borrowing with deductible interest and lending tax exempt. To focus on the principles, the paper assumes transactions are costless. In that case, it is shown that to deal with the intertemporal aspect requires virtually universal imputation of taxable interest income to basis. To deal with the risk aspect of the problem (lock-in and cherry picking) requires simply that the effective rate of tax on gains and losses be the same (not necessarily equal to the rate on intertemporal returns). A new method is proposed that satisfies the requirements for linear income measurement. It is shown that the retroactive taxation of gain devised by Alan Auerbach is a special case of the new approach (involving a zero effective rate of tax on gains and losses)
On the uses of benefit-cost reasoning in choosing policy toward global climate change by David F Bradford( Book )

18 editions published in 1997 in English and held by 90 WorldCat member libraries worldwide

In the debate about the correct discount rate to use in evaluating policy with regard to climate change, which covers the entire world and extends for centuries, the conditions for deploying benefit-cost analysis are often overlooked. Where (a) income distributional effects of policies are large and (b) one cannot take for granted compensating adjustment in other policy instruments affecting distribution, simple aggregation of gains and losses is unlikely to provide a convincing basis for action, as an ethical matter, or predictor of policy, as a political matter
The environmental Kuznets curve : exploring a fresh specification by David F Bradford( Book )

15 editions published in 2000 in English and held by 87 WorldCat member libraries worldwide

Abstract: Using a new specification, we reanalyze the data on worldwide environmental quality investigated by Gene Grossman and Alan Krueger in a well-known paper on the environmental Kuznets curve (which postulates an inverse U shaped relationship between income level and pollution). The new specification enables us to draw conclusions from fixed effects estimation. In general, we find support for the environmental Kuznets curve for some pollutants and for its rejection in other cases. The fresh specification offers some promise for analysis of such phenomena
Reforming budgetary language by David F Bradford( Book )

21 editions published in 2001 in English and held by 86 WorldCat member libraries worldwide

In the context of several examples of problems associated with present budgetary conventions, I revisit Musgrave's conceptual division of the government's program into Allocation, Distribution and Stabilization Branch subbudgets. I suggest progress towards Musgrave's ideal of a more informative budgetary "language", one less dependent on arbitrary institutional labeling, must be based on the nonarbitrary description of the individual's economic environment, as it is affected by government. As a first approximation, that environment can be summed up in terms of the individual's budget constraint and levels of public goods provided. Simple models suggest that an unambiguous budgetary language may be feasible but there remains much to clarify about both the objectives of the exercise and the specifics of methods to deal with particular problems
Generalized cash flow taxation by Alan J Auerbach( Book )

20 editions published in 2001 in English and held by 83 WorldCat member libraries worldwide

We show that the unique form that must be taken by a tax system based entirely on realization accounting to implement a uniform capital income tax, or, equivalently, a uniform wealth tax. This system combines elements of an accrual based capital income tax and a traditional cash flow tax, having many of the attributes of the latter while still imposing a tax burden on marginal capital income. Like the traditional cash flow tax, this system may be integrated with a tax on labor income. We also show how such a tax can be supplemented with an optional accounting for a segregated subset of actively traded securities, subjected separately to mark-to-market taxation at the uniform capital income tax rate, to permit a fully graduated tax system applicable to labor income
Implicit budget deficits : the case of a mandated shift to community-rated health insurance by David F Bradford( Book )

14 editions published in 1996 in English and held by 80 WorldCat member libraries worldwide

Abstract: Since a typical regulatory mandate can be equated in its economic effect to a combination of an expenditure program and a tax program, observers have often suggested that it would serve consistent public policy to bring regulatory decisions into the same budgetary framework. This paper concerns an important example of a regulatory program that would mimic deficit financing in effecting a transfer of fiscal burdens toward younger and future generations, the mandated purchase of (or provision by employers of) health care insurance under a system of community rating, under which the same price is charged for health insurance for all comers, regardless of age, sex, or health condition. Such a shift would result in redistributions of burdens across birth cohorts, in this case from existing, especially middle-aged birth cohorts toward future generations. Using data from a variety of sources we conclude the effect would be substantial. For our central-case assumptions about discount, health care cost, and productivity growth rates, and about the locus of responsibility for paying health care bills, a shift to community rating is estimated to generate gains for people over age 30 in 1994, $16,700 per person aged 50 for example, at the cost to younger cohorts. Those born in 1994 would acquire an extra payment obligation with a discounted value of $7,100 each. The burden passed along to future generations can be described by a $9,300 per capita tax at birth (growing with productivity). The analysis makes clear that the regula- tory policy shift, with no direct budgetary implications, would have an intergenerational transfer effect comparable to what would be considered a major change in on-budget tax or transfer programs
Consumption taxes : some fundamental transition issues by David F Bradford( Book )

19 editions published between 1995 and 1996 in English and held by 80 WorldCat member libraries worldwide

A number of tax reform plans under discussion in the United States would replace the existing hybrid income-based system with a consumption-based system. In this paper I use uniform (single-rate) consumption and income taxes: (a) to explain how the problem of taxing 'old savings' or 'old capital' manifests itself in the shift from an income to a consumption base; (b) to indicate the tradeoffs that must be confronted in dealing with this phenomenon; (c) to show how price level changes that may or may not accompany a transition affect the distribution of gains and losses; (d) to sketch out how a transition might affect interest rates and asset prices (including owner-occupied housing); (e) to explore the case in equity for protecting the tax- free recovery of old savings; and (f) to emphasize the incentive problems that arise if savers and investors anticipate a change in the tax rate in a consumption-based system
Addressing the transfer-pricing problem in an origin-basis X tax by David F Bradford( Book )

15 editions published in 2003 in English and held by 72 WorldCat member libraries worldwide

In a previous paper I described how the tax design called the X Tax would facilitate an international tax system free of many of the complexities and avoidance opportunities plaguing the existing international tax regime and also have neutrality properties generally deemed desirable. A choice must, however, be made between two basic treatments of transborder business transactions --the origin and destination principles. The destination-principle approach sidesteps the need to identify arm's length terms of transborder transactions between related business entities -- the transfer-pricing problem. This serious problem remains in the origin-principle approach, which, however, presents fewer challenges of monitoring the flow of goods and services across borders, obviates what I call the tourism problem' whereby people can reduce their taxes by consuming in a low-tax jurisdiction and, arguably most important, avoids transition effects associated with introduction of the tax and subsequent tax rate changes that occur in the destination approach. In this paper I explore possible special rules for transborder transactions between related parties in an origin-based system to eliminate the transfer-pricing problem
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Audience level: 0.48 (from 0.05 for The econom ... to 0.76 for Fixing cap ...)

Untangling the income tax
Alternative Names
Bradford, David 1939-2005

David Bradford Amerikaans econoom (1939-2005)

David Bradford amerikansk ekonom

David Bradford amerikansk økonom

David Bradford economista

David Bradford US-amerikanischer Wirtschaftswissenschaftler und Hochschullehrer

Дэвид Брэдфорд

English (271)

Taxation, wealth, and savingDistributional analysis of tax policyThe economics of property-casualty insuranceThe X tax in the world economy : going global with a simple, progressive taxInstitutional foundations of public finance : economic and legal perspectivesFundamental issues in consumption taxationIntergenerational transfers under community rating