The traditional fiscal policy of the nation is multidimensional. The traditional tax rates are variable and the basis … for calculating the tax on corporate profits is biased. The purpose of this article is to show that the optimal allocation … of resources in the economy tax rate is constant and is equal to 20% and the basis for calculating the tax on corporate …

and gross income growth patterns may differ substantially when a progressive tax system allows for deduction opportunities …. Exploiting unique matched employer-employee data with information on tax payments and employee mobility, we find that gross … employees adjust their tax-shielded consumption and savings (in particular, deductible private pension contributions and …

replacement rate. We show that under these policies both demographic changes increase the implicit tax rate of later …-born generations to the pension system. In addition, we characterize policies which smooth the implicit tax rate. To reach this … converge to a new steady state value unless funded elements are introduced. -- Pay-as-You-Go ; implicit tax rate ; life …