This paper encompasses multiple sources of inefficiency into a single general equilibrium model of the U.S. tax system. The authors measure interasset distortions using disaggregate calculations of user cost, and intersectoral distortions from the differential treatment of the corporate sector,...

Others have measured the addition to deadweight loss from an increase in an effective capital income tax rate, but there is no single way to raise such a rate. In the authors' general equilibrium model with multiple distortions in the allocation of real resources, they find that an increase in...