Since the average tax rate on corporate capital income is very high, economists often conclude that taxes have caused a … basically unaffected, in spite of the sizable tax revenues collected. In addition, in some plausible situations, such taxes can …

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 from saving. Specific calculations illustrate the importance of …

are not an accurate indication of the burden of a tax. Taxes generally create costs beyond the dollar value collected by …

This paper summarizes the current state of research on how taxation affects household decisions with respect to … taxation exerts a systematic influence on the nature of risk-taking and the structure of household portfolios. Research on the …

How do capital income taxes affect household portfolio choice and growth? Wequot; approach this question within the … between taxes and risk-taking we estimatequot; a reduced-form multinomial probit model of household portfolio choice using the … higher taxes make it less likely that the household will hold risky assets.quot …

, the model predicts a "race to the bottom" in capital taxes and higher labor taxes. The cooperative equilibrium is … preferable, but capital (labor) taxes are still lower (higher) than initially. Moreover, autarky can produce higher welfare than …

corporate tax in Canada. These distortions are decomposed into three broad categories: inter-asset distortions; inter …