Should the US streamline its tax system? Analysis on an endogenous growth model

We evaluate the growth and welfare effects of budget-neutral reforms in the US tax system. Large gains in welfare and growth could result from adopting a consumption-based tax system. In contrast, significant welfare and growth losses would follow after implementing an income tax-based reform. Eliminating double taxation of firms' profits would yield non-negligible welfare and growth gains.

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Year of publication:	2014
Authors:	Gómez, Manuel A. ; Sequeira, Tiago N.
Published in:	Economic Modelling. - Elsevier, ISSN 0264-9993. - Vol. 37.2014, C, p. 113-119
Publisher:	Elsevier
Subject:	Taxes \| Deficits \| Growth \| Welfare

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Type of publication:	Article
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; O11 - Macroeconomic Analyses of Economic Development ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011048699