TaxProf Blog

Editor: Paul L. Caron
Pepperdine University School of Law

A Member of the Law Professor Blogs Network

Thursday, July 28, 2011

Weisbach: Is Knowledge of the Tax Law Socially Desirable?

David Weisbach (Chicago) has posted Is Knowledge of the Tax Law Socially Desirable? on SSRN. Here is the abstract:

This paper considers whether knowledge of the tax law is socially desirable. Unlike other laws, which most often attempt to channel behavior, revenue raising taxes attempt to avoid changing behavior, so it is not obvious whether or when knowledge of the tax law is desirable. I argue that whether knowledge of the tax law is desirable depends on three factors: expectations about the tax in the absence of knowledge, the type of tax, and the quality of the tax. I then apply this to various policy decisions where knowledge of the tax law is a key variable, including the regulation of tax advisors, hidden taxes (such phase-outs of exemptions), and whether individual have the socially optimal incentive to seek knowledge of the tax law.

http://taxprof.typepad.com/taxprof_blog/2011/07/weisbach-.html

Scholarship, Tax | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341c4eab53ef0153903c1d5a970b

Listed below are links to weblogs that reference Weisbach: Is Knowledge of the Tax Law Socially Desirable?:

Comments

What about knowledge of the tax law on the part of tax professors?

Posted by: mike livingston | Jul 28, 2011 5:53:25 PM

His second sentence is totally wrong in the real world.

Posted by: Yo Gabba Gabba | Jul 28, 2011 5:55:54 PM

Oh yeah, talk tax law at parties and see how socially desirable you are.

Posted by: Woody | Jul 29, 2011 6:16:53 AM