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A fair day's pay for a fair day's work : optimal tax design as redistributional arbitrage
Hellwig, Christian; Werquin, Nicolas - 2022
redistribution. Within a Mirrleesian economy with earnings, consumption and retirement savings, we derive a novel formula for optimal … income and savings distortions based on redistributional arbitrage. We establish a sufficient statistics representation of … suggest that it is optimal to shift a substantial fraction of the top earners' tax burden from income to savings. …
Persistent link: https://www.econbiz.de/10012800892
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A fair day's pay for a fair day's work: optimal tax design as redistributional arbitrage
Hellwig, Christian; Werquin, Nicolas - 2022
Persistent link: https://www.econbiz.de/10012808064
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Tax Collection Costs, Tax Evasion and Optimal Interest Rates
Yesin, Pinar - 2006
I investigate to what extent the cross-country variation in nominal interest rates can be explained as being due to governments' optimal response to economic conditions such as tax collection costs, tax evasion and government consumption needs. In particular, I study the effects of costly income...
Persistent link: https://www.econbiz.de/10012732930
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The Choice of the Personal Income Tax Base
Gordon, Roger H. - 2014
each individual in addition to earnings, in a setting where the first-best tax would be an ability tax. The theory lays out …
Persistent link: https://www.econbiz.de/10013052495
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The Elasticity of Taxable Income in the Presence of Intertemporal Income Shifting
Gorry, Aspen - 2018
Knowing the elasticity of taxable income (ETI) is crucial for understanding the effects of taxation on taxpayer behavior and consequently on tax revenues. Previous research finds that high-income individuals are the most sensitive to tax policy changes. However, these individuals have more...
Persistent link: https://www.econbiz.de/10012920894
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Accuracy, Complexity, and the Income Tax
Kaplow, Louis - 2021
The complexity of the income tax is an unending source of complaint. Compliance costs have received increasing attention and are estimated to be large. Yet most recognize that some degree of complexity is necessary if ability to pay is to be measured accurately. This article presents a framework...
Persistent link: https://www.econbiz.de/10013245108
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The elasticity of taxable income : new data and estimates for South Africa
Kemp, Johannes Hermanus - 2020
The elasticity of taxable income is a key tax policy parameter that plays an important role in the formulation of tax and transfer policy. This paper extends work by Kemp (2019) by using a new panel of individual tax returns and the phenomenon of 'bracket creep' to produce updated estimates of...
Persistent link: https://www.econbiz.de/10012181104
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Accuracy, Complexity, and the Income Tax
Kaplow, Louis - 1994
The complexity of the income tax is an unending source of complaint. Compliance costs have received increasing attention and are estimated to be large. Yet most recognize that some degree of complexity is necessary if ability to pay is to be measured accurately. This article presents a framework...
Persistent link: https://www.econbiz.de/10012474303
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The Elasticity of Taxable Income in the Presence of Intertemporal Income Shifting
Gorry, Aspen - 2018
Knowing the elasticity of taxable income (ETI) is crucial for understanding the effects of taxation on taxpayer behavior and consequently on tax revenues. Previous research finds that high-income individuals are the most sensitive to tax policy changes. However, these individuals have more...
Persistent link: https://www.econbiz.de/10012453185
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The Choice of the Personal Income Tax Base
Gordon, Roger H. - 2014
-best tax would be an ability tax. The theory lays out an equity/efficiency trade off when choosing the tax base. In the …
Persistent link: https://www.econbiz.de/10012458439