Piketty, Thomas; Saez, Emmanuel; Stantcheva, Stefanie - 2011
should be designed to minimize the second elasticity (avoidance) through tax enforcement and tax neutrality across income …, implyingthat the overall elasticity is large. But top income share increases have not translated into higher economic growth … responses. The first elasticity (supply side) is the sole real factor limiting optimal top tax rates. The optimal tax system …
