because the small increments in all future tax rates to finance interest payments involves a smaller excess burden than the … single large tax rate increase that would be required to avoid an initial increase in the national debt. This argument … tax rates can be explicitly balanced against the disadvantage of the excess burden that arises from additional debt. The …

How much and how to tax high-income individuals is at the core of many recent proposals for incremental as well as … fundamental tax reform. This paper critically reviews the economics literature and concludes that the right answer to these … economics concerns such as the process generating income and wealth, and whether wealth individuals' economic activities have …

tax rate for someone who (due to luck) became rich either five or one year(s) ago. Subjects faced with the five …-year scenario choose a lower tax rate, indicating respect for the more deeply embedded (five-year) reference point. Our results thus …

Japan+ (Japan plus Korea). The model predicts dramatic increases in tax rates in the U.S., EU, India, and Russia. Indeed … potential for tax avoidance and tax evasion. …