Alan, Sule; Atalay, Kadir; Crossley, Thomas F.; Jeon, … - Department of Economics, McMaster University - 2009
taxation – like Canada’s – couples with the same household income can face different effective tax rates on capital income when …Identifying the effect of differential taxation on portfolio allocation requires exogenous variation in marginal tax … rates. Marginal tax rates vary with income, but income surely affects portfolio choice directly. In systems of individual …