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The Optimal Taxation of Foreign Source Investment Income
Feldstein, Martin S.; Hartman, David G. - 2021
Our paper begins with the relatively simple problem of optimal taxation as viewed by the capital-exporting ("home") country when it can assume that its actions do not alter the tax rate in the host country. Section I also shows that when foreign investment accounts for a significant fraction of...
Persistent link: https://www.econbiz.de/10013219721
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Capital Taxation
Feldstein, Martin S. - 2021
This paper is an introductory chapter to a book that brings together 22 of my papers written between 1965 and 1981. The chapter provides a summary of each paper and a more general discussion of the role of taxation in influencing the process of capita1 accumulation. The four sections of the book...
Persistent link: https://www.econbiz.de/10013313352
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Can State Taxes Redistribute Income?
Feldstein, Martin S. - 2010
The evidence presented in this paper supports the basic theoretical presumption that state and local governments cannot redistribute income. Since individuals can avoid unfavorable taxes by migrating to jurisdictions that offer more favorable tax conditions, a relatively unfavorable tax will...
Persistent link: https://www.econbiz.de/10013139299
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Effects of Taxes on Economic Behavior
Feldstein, Martin S. - 2010
This paper discusses how the effects of taxes on economic behavior are important for revenue estimation, for calculating efficiency effects, and for understanding short-term macroeconomoic consequences. The primary focus is on taxes on labor income but some attention is given to taxes on income...
Persistent link: https://www.econbiz.de/10012759600
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Tax Avoidance and the Deadweight Loss of the Income Tax
Feldstein, Martin S. - 2022
The traditional method of analyzing the distorting effects of the income tax greatly underestimates its total deadweight loss as well as the incremental deadweight loss of an increase in income tax rates. Deadweight losses are substantially greater than these conventional estimates because the...
Persistent link: https://www.econbiz.de/10013323469
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Simulating Nonlinear Tax Rules and Nonstandard Behavior : An Application to the Tax Treatment of Charitable Contributions
Feldstein, Martin S.; Lindsey, Lawrence B. - 2021
This paper examines how the tax simulation method can be extended to incorporate nonlinear budget constraints and nonstandard economic behavior. We simulate the effect of extending the charitable deduction to nonitemizers and study the effect of alternative "floors". The specific simulations...
Persistent link: https://www.econbiz.de/10013228052
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Fiscal Policies, Capital Formation, and Capitalism
Feldstein, Martin S. - 2011
This lecture examines the effects of tax policy and social security retirement benefits on capital accumulation and economic welfare. The paper begins by examining how capital income taxes reduce the real return to savers and then discusses the welfare loss of capital income taxation relative to...
Persistent link: https://www.econbiz.de/10013118689
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Imperfect Annuity Markets, Unintended Bequests, and the Optimal Age Structure of Social Security Benefits
Feldstein, Martin S. - 2010
optimal savings and therefore the level of unintended bequests. While those bequests may have no value to the retirees, they …
Persistent link: https://www.econbiz.de/10012762759
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Domestic Saving and International Capital Movements in the Long Run and the Short Run
Feldstein, Martin S. - 2021
increases in domestic savings rates induce approximately equal increases in domestic rates of investment. New estimates for the … flows than to their short-run behavior. Coefficient estimates based on annual variations in savings and investment are …
Persistent link: https://www.econbiz.de/10013217227
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Individual Risk and Intergenerational Risk Sharing in an Investment-Based Social Security Program
Feldstein, Martin S.; Ranguelova, Elena - 2021
This paper examines the risk aspects of a fully phased-in investment-based defined contribution Social Security plan … system. A higher saving rate provides a cushion' that reduces the risk of unacceptably low benefits. For example, saving 6 … annuity exceeds 92 percent of the benchmark benefit. We also study a modified plan in which retirees face no risk of …
Persistent link: https://www.econbiz.de/10013213068