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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
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Why Do We Redistribute so Much But Tag so Little? The Principle of Equal Sacrifice and Optimal Taxation
Weinzierl, Matthew - 2012
this puzzle is a symptom of a more fundamental problem. Conventional theory neglects the diverse normative criteria with … this revision to conventional theory …
Persistent link: https://www.econbiz.de/10013107010
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Horizontal Equity : Measures in Search of a Principle
Kaplow, Louis - 2021
Horizontal equity -- the command that equals be treated equally -- has received increased attention, particularly in attempts to measure the desirability of tax reform proposals. This paper questions whether the normative foundations for horizontal equity justify the indexes and approaches that...
Persistent link: https://www.econbiz.de/10013217232
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A Fundamental Objection to Tax Equity Norms : A Call for Utilitarianism
Kaplow, Louis - 2021
Anti-utilitarian norms often are used in assessing tax systems. Two motivations support this practice. First, many believe utilitarianism to be insufficiently egalitarian. Second, utilitarianism does not give independent weight to other equitable principles, notably concerns that reforms may...
Persistent link: https://www.econbiz.de/10013218523
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Horizontal Equity : New Measures, Unclear Principles
Kaplow, Louis - 2021
Alan Auerbach and Kevin Hassett offer a new measure of horizontal equity (HE) that is designed to overcome deficiencies in prior indexes. There is, however, a fundamental problem that their effort shares with their predecessors' attempts: the underlying rationale for pursuing HE at the expense...
Persistent link: https://www.econbiz.de/10013226166
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How Tax Complexity and Enforcement Affect the Equity and Efficiency of the Income Tax
Kaplow, Louis - 2021
Much criticism of the income tax involves administration: the enormous complexity of the system is responsible for large compliance costs, public and private, and the tax gap is large despite substantial resources devoted to enforcement. The desire for simplification and improved compliance...
Persistent link: https://www.econbiz.de/10013237016
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Understanding Investment Incentives Under Parallel Tax Systems : an Application to the Alternative Minimum Tax
Lyon, Andrew B. - 2011
The first section of this paper introduces the topic. The next section shows that many parallel tax systems share common features and constructs a general model of the cost of capital based on the Hall-Jorgenson (1967) cost of capital formula. Section 3 presents conditions under which a parallel...
Persistent link: https://www.econbiz.de/10013132062
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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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An Optimal Tax System
Kaplow, Louis - 2011
A notable feature and principal virtue of Tax by Design is its system-wide perspective on different elements of the tax system. This review essay builds on this trait and offers a more explicit foundation for the report's general approach, drawing on a distribution-neutral methodology that is...
Persistent link: https://www.econbiz.de/10013122469
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Optimal Labor Income Taxation
Piketty, Thomas - 2012
This paper reviews recent developments in the theory of optimal labor income taxation. We emphasize connections between … theory and empirical work that were initially lacking from optimal income tax theory. First, we provide historical and … distribution. We also emphasize connections between actual practice and the predictions from theory, and in particular the …
Persistent link: https://www.econbiz.de/10013098126