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Wealth Taxation and Wealth Accumulation : Theory and Evidence from Denmark

Jakobsen, Katrine - 2018

Using administrative wealth records from Denmark, we study the effects of wealth taxes on wealth accumulation. Denmark used to impose one of the world's highest marginal tax rates on wealth, but this tax was drastically reduced and ultimately abolished between 1989 and 1997. Due to the specific...

Persistent link: https://www.econbiz.de/10012453343

Taxing Top Wealth : Migration Responses and their Aggregate Economic Implications

Jakobsen, Katrine; Kleven, Henrik Jacobsen; Kolsrud, Jonas - National Bureau of Economic Research - 2024

Using administrative data on wealth, firm ownership structure, and migration in Sweden and Denmark, we document international migration patterns among the very wealthy, their impact on the economy, and how they respond to wealth taxation. We show that more than 20% of taxpayers liable to pay...

Persistent link: https://www.econbiz.de/10014486244

Ideology, Incidence and the Political Economy of Fuel Taxes : Evidence from the California 2018 Proposition 6

Epstein, Lucas; Muehlegger, Erich - National Bureau of Economic Research - 2024

In 2018, California voters rejected Proposition 6, a ballot initiative that sought to repeal state gasoline taxes and … to the most liberal tracts. Since conservative areas in California and elsewhere tend to bear a higher burden from …

Persistent link: https://www.econbiz.de/10014528351

Distortion Costs of Taxing Wealth Accumulation : Income Versus Estate Taxes

Holtz-Eakin, Douglas - 2001

Recently, attention has focused on the estate tax. To date, however, the debate over estate taxes has been nearly devoid of standard considerations of deadweight loss. We develop a framework for computing the deadweight loss of a revenue-neutral switch from an estate tax to a capital income tax,...

Persistent link: https://www.econbiz.de/10012470463

The Incidence of the Local Property Tax : A Re-evaluation

Mieszkowski, Peter M. - 1984

The article identifies the key assumptions that underlie competing theories of the incidence of the local property tax. We conclude that the"benefit view" which maintains that the property tax system is equivalent to a set of non-distortionary user changes is correct only under very restrictive...

Persistent link: https://www.econbiz.de/10012477602

Wealth Taxation in the United States

Wolff, Edward N. - 2019

The paper analyzes the fiscal effects of a Swiss-type tax on household wealth, with a $120,000 exemption and marginal tax rates running from 0.05 to 0.3 percent on $2,400,000 or more of wealth. It also considers a wealth tax proposed by Senator Elizabeth Warren with a $50,000,000 exemption, a...

Persistent link: https://www.econbiz.de/10012480488

Property Tax Limitations and Mobility : The Lock-in Effect of California's Proposition 13

Wasi, Nada - 2005

Proposition 13, adopted by California voters in 1978, mandates a property tax rate of one percent, requires that … next sale. In this paper, we examine how Prop 13 has affected the average tenure length of owners and renters in California … versus in other states. We find that from 1970 to 2000, the average tenure length of owners and renters in California …

Persistent link: https://www.econbiz.de/10012467577

Local Revenue Hills : Evidence from Four U.S. Cities

Haughwout, Andrew F. - 2003

We provide estimates of the impact and long-run elasticities of tax base with respect to tax rates for four large U.S. cities: Houston (property taxation), Minneapolis (property taxation), New York City (property, general sales, and income taxation), and Philadelphia (property, gross receipts,...

Persistent link: https://www.econbiz.de/10012469012

Tax Design, Information, and Elasticities : Evidence From the French Wealth Tax

Garbinti, Bertrand; Goupille-Lebret, Jonathan; Muñoz, … - National Bureau of Economic Research - 2023

We study a French wealth tax reform that starkly reduced the information some taxpayers must report to the tax authority. Using a new dynamic bunching approach we estimate the average response to the reform, the share of compliers, and the local average treatment effect. The annual wealth growth...

Persistent link: https://www.econbiz.de/10014322721

Taxing Wealth : Evidence from Switzerland

Brülhart, Marius - 2016

We study the effects of wealth taxation on reported wealth. Our analysis is based on data for Switzerland, which has the highest rate of annual wealth taxation in the developed world. While the wealth tax base is defined at the federal level, tax rates vary considerably across locations and over...

Persistent link: https://www.econbiz.de/10012456301

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