Document Type
Article
Publication Date
1958
Abstract
In this note classical tools are used to examine the treatment of "gifts in kind" under the federal income-tax laws as they were but a few years ago, as they are today, and as they should be, given the objective that the law appears to be trying to achieve. It will be demonstrated that, under certain conditions, firms today can maximize profit after taxes by producing some output to be given to acceptable charities.
Recommended Citation
Gillis, Floyd E., and Vernon L. Smith. “An Economic Analysis of Contributions under the Income Tax Laws." Journal of Political Economy, 66.5 (1958): 432-439.
Peer Reviewed
1
Copyright
University of Chicago
Comments
This article was originally published in Journal of Political Economy, volume 66, issue 5, in 1958.