We determine the optimal combination of taxes on money, consumption and income in transactions technology models where …, regardless of whether the government can use as alternative fiscal instruments an income tax, a consumption tax, or the two taxes …

consider different approaches to tax reform. One approach might be to improve the current income-based federal tax code …, perhaps by broadening the tax base and lowering income-tax rates. However, another approach might be to replace current income … taxes altogether with a consumption tax. Switching the federal tax system from an income tax to a consumption tax could have …

Tax rates on labor income, capital income and consumption-and the redistributive transfers those taxes finance …, in which the political decision is over constant paths of taxes on factor income and consumption, used to finance a lump …

analysis of the effects of earlier income tax cuts suggests that the consumer response to such initiatives is, in fact, quite …

In this article, we address two questions. First, how will a move to pure consumption taxation matter for aggregate … that regressivity is a measure that is quantitatively sensitive to the frequency of income being used. In particular, we … show that when measures of tax incidence are based on annual income, successful consumption smoothing leads to the …