redistribution. Within a Mirrleesian economy with earnings, consumption and retirement savings, we derive a novel formula for optimal … income and savings distortions based on redistributional arbitrage. We establish a sufficient statistics representation of … suggest that it is optimal to shift a substantial fraction of the top earners' tax burden from income to savings. …

of full deferral of income taxes on savings and full taxation of interest. Potential mobility of the old calls for lower … degrees of deferral and reduced taxation of interest. However, full immediate taxation of savings in combination with full tax …