Díaz-Giménez, Javier; Pijoan-Mas, Josep - In: SERIEs - Journal of the Spanish Economic Association 10 (2019) 3/4, pp. 365-399
investment expensing brings about sizeable output gains and a nontrivial increase in after-tax income inequality. However, it … progressive consumption-based flat-tax scheme could achieve the goals of raising government income, stimulating the economy, and … results in aggregate welfare gains in steady state because the large deduction in the labor income tax acts as a boon for the …