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 …

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. …

nominal interest rate, and after-tax returns to investment goods determine the relative values of nominal and real assets …