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Optimal Tax Theory : Econometric Evidence and Tax Policy

Boskin, Michael J. - 1976

The purpose of this paper is to provide a progress report on the issue of the implications of optimal tax theory and … major results of optimal tax theory. Section 3 reports the results of some recent econometric studies of saving and labor … supply. Finally, Section 4 outlines the implications of the combined theory and econometric evidence for tax policy …

Persistent link: https://www.econbiz.de/10012478977

Revisiting the Classical View of Benefit-Based Taxation

Weinzierl, Matthew - 2014

's benefit from public goods is tied to his or her income-earning ability, can be incorporated into modern optimal tax theory. If … may offer a useful approach to a positive optimal tax theory …

Persistent link: https://www.econbiz.de/10012457931

Understanding Different Approaches to Benefit-Based Taxation

Scherf, Robert - 2019

The normative principle of benefit-based taxation has exerted substantial influence on many areas of public finance, but it has been largely set aside in the modern theoretical approach to optimal income taxation, where welfarist objectives dominate. A prerequisite for that gap to close is the...

Persistent link: https://www.econbiz.de/10012480220

Choosing Size of Government Under Ambiguity : Infrastructure Spending and Income Taxation

Manski, Charles F. - 2012

Attempting to shed light on the optimal size of government, economists have analyzed planning problems that specify a set of feasible taxation-spending policies and a social welfare function. The analysis characterizes the optimal policy choice of a planner who knows the welfare achieved by each...

Persistent link: https://www.econbiz.de/10012460456

A Variational Approach to the Analysis of Tax Systems

Golosov, Mikhail - 2014

We develop a general method to study the effects of non-linear taxation in dynamic settings using variational arguments. We first derive general theoretical formulas that characterize the welfare effects of local tax reforms and, in particular, the optimal tax system, potentially restricted...

Persistent link: https://www.econbiz.de/10012457886

Optimal Taxation and Social Insurance with Endogenous Private Insurance

Chetty, Raj - 2008

This paper characterizes the welfare gains from redistributive taxation and social insurance in an environment where the private sector provides partial insurance. We analyze stylized models in which adverse selection, pre-existing information, or imperfect optimization in private insurance...

Persistent link: https://www.econbiz.de/10012464244

Tax Competition With Parasitic Tax Havens

Slemrod, Joel - 2006

We develop a tax competition framework in which some jurisdictions, called tax havens, are parasitic on the revenues of other countries. The havens use real resources to help companies camouflage their home-country tax avoidance, and countries use resources in an attempt to limit the transfer of...

Persistent link: https://www.econbiz.de/10012466443

A Theory of Optimal Capital Taxation

Piketty, Thomas - 2012

This paper develops a realistic, tractable theoretical model that can be used to investigate socially-optimal capital taxation. We present a dynamic model of savings and bequests with heterogeneous random tastes for bequests to children and for wealth per se. We derive formulas for optimal tax...

Persistent link: https://www.econbiz.de/10012460670

Optimal Gradualism

Lehr, Nils H.; Restrepo, Pascual - National Bureau of Economic Research - 2022

This paper studies how gradualism affects the welfare gains from trade, technology, and reforms. When people face adjustment frictions, gradual shocks create less adverse distributional effects in the short run. We show that there are welfare gains from inducing a more gradual transition via...

Persistent link: https://www.econbiz.de/10013477247

Inertia and Overwithholding : Explaining the Prevalence of Income Tax Refunds

Jones, Damon - 2010

Over three-quarters of US taxpayers receive income tax refunds, indicating tax prepayments above the level of tax liability. This amounts to a zero interest loan to the government. Previous studies have suggested two main explanations for this behavior: precautionary behavior in light of tax...

Persistent link: https://www.econbiz.de/10012462689