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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

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

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

Efficient Subsidization of Human Capital Accumulation with Overlapping Generations and Endogenous Growth

Richter, Wolfram F. - 2010

This paper studies second-best policies in an OLG model in which endogenous growth results from human capital accumulation. When young, individuals decide on education, saving, and nonqualified labour. When old, individuals supply qualified labour. Growth equilibria are inefficient in...

Persistent link: https://www.econbiz.de/10013149817

Redistribution and Insurance with Simple Tax Instruments

Findeisen, Sebastian - 2015

We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We … independent of the social welfare function and determined by the degree of income risk and risk aversion. The optimal linear … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results …

Persistent link: https://www.econbiz.de/10013016371

Notes on Optimal Wage Taxation and Uncertainty

Eaton, Jonathan; Rosen, Harvey S. - 2022

Most contributions to optimal tax theory have assumed that all prices, including that of leisure, are known with … paper begins with a discussion of the positive theory of wage taxation and labor supply under uncertainty. This is followed …

Persistent link: https://www.econbiz.de/10014156764

Cross-Border Tax Externalities : Are Budget Deficits Too Small?

Buiter, Willem H.; Sibert, Anne - 2021

In a dynamic optimising model with costly tax collection, a tax cut by one nation creates positive externalities for the rest of the world if initial public debt stocks are positive. By reducing tax collection costs, current tax cuts boost the resources available for current private consumption,...

Persistent link: https://www.econbiz.de/10013247022

Sufficient Statistic or Not? The Elasticity of Taxable Income in the Presence of Deduction Possibilities

Dörrenberg, Philipp - 2014

The elasticity of taxable income (ETI) is often interpreted as a sufficient statistic to assess the welfare costs of taxation. Building on the conceptual framework of Chetty (2009), we show that this assertion does no longer hold for tax systems with deduction possibilities if (i) deductions...

Persistent link: https://www.econbiz.de/10013045052

The Compliance Cost of Itemizing Deductions : Evidence from Individual Tax Returns

Pitt, Mark M.; Slemrod, Joel B. - 2021

The resource cost of operating the income tax system is large, totaling as much as seven to eight percent of revenue raised. One source of this cost is the system of itemized deductions, which can require extensive record keeping and calculation. This paper estimates the resource cost of...

Persistent link: https://www.econbiz.de/10013226089

Education and Optimal Dynamic Taxation

Findeisen, Sebastian - 2011

We study optimal tax and educational policies in a dynamic private information economy, in which ex-ante heterogeneous individuals make an educational investment early in their life and face a stochastic wage distribution. We characterize labor and education wedges in this setting analytically...

Persistent link: https://www.econbiz.de/10013118777

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