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Business & Economics PUBLICATIONS |
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Impact - August 2003
Submitted on 8.31.2003
August 2003 PRI Ideas in Action
Policy Update and Monthly Impact Report
Lessons from Canada for California, and Vice Versa
Submitted by K. Lloyd Billingsley on 8.6.2003
WINDSOR, ONTARIO - This town, just across the river from Detroit, is not the Canadian capital and it’s far from being the country’s largest city. But still one can draw some economic lessons for California, which is not booming while Windsor definitely is.
The Impact of a Flat Tax on California's Economy
Submitted by Lawrence J. McQuillan, Ph.D on 8.1.2003
Dr. Lawrence J. McQuillan, director of Business and Economic Studies at PRI, estimated the effect on California’s economy of a five-percent flat-rate income tax on all personal income above $30,000 and on all corporate income. He generated the numbers using the California State Tax Analysis Modeling Program (Cal-STAMP), PRI’s proprietary statistical model of the California economy that measures how changes in the state’s taxes affect its economic activity.
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