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Fiscal Federalism and the Role of the Income Tax

Gordon, Roger H. - National Bureau of Economic Research - 2023

This paper rethinks the design of the income tax by assuming that the objective of the tax is not to redistribute from rich to poor but instead to provide some insurance to individuals against the uncertainties they face in their future earnings, a motivation for the tax proposed in Buchanan...

Persistent link: https://www.econbiz.de/10014421180

Use it or lose it : efficiency and redistributional effects of wealth taxation

Guvenen, Fatih; Kambourov, Gueorgui; Kuruşçu, Burhanettin - 2022 - This draft: December, 2022

How does wealth taxation differ from capital income taxation? When the return on investment is equal across individuals, a well-known result is that the two tax systems are equivalent. Motivated by recent empirical evidence documenting persistent return heterogeneity, we revisit this question....

Persistent link: https://www.econbiz.de/10013483091

Endogenous distribution, politics, and growth

Das, Satya P.; Ghate, Chetan - 2002

This paper generalizes the analysis of distributive conflict, politics, and growth developed by by Alesina-Rodrik (1994). We construct a heterogenous-agent framework in which both growth and the distribution of wealth are endogenous. Due to adjustments in the distribution of wealth, the...

Persistent link: https://www.econbiz.de/10011437002

Optimal Redistributive Wealth Taxation When Wealth is More than Just Capital

Franks, Max - 2020

We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find very different welfare implications of land rent-, bequest- and capital taxation. It is mainly land rents that should be taxed. We develop an overlapping generations model with...

Persistent link: https://www.econbiz.de/10012841621

A Note on Optimal Income Redistribution in a Creative Region

Batabyal, Amitrajeet A. - 2017

We study optimal income redistribution in a region that is creative in the sense of Richard Florida and thereby extend …

Persistent link: https://www.econbiz.de/10012954387

French Favored Redistributions Derived From Surveys : A Political Assessment of Optimal Tax Theory

Fabre, Adrien - 2018

income redistribution. In the first survey, respondents picked their preferred values for parameters which were used to … alternative specifications. Interestingly, the average desired redistribution corresponds closely to the shape of the optimal … taxation derived from an utilitarian criterion. This allowed to show that this redistribution fails to obtain a significant …

Persistent link: https://www.econbiz.de/10012907328

A Note on Optimal Income Redistribution in a Creative Region

Batabyal, Amitrajeet A. - 2017

We study optimal income redistribution in a region that is creative in the sense of Richard Florida and thereby extend …

Persistent link: https://www.econbiz.de/10012941806

Responsibility and Redistribution : The Case of First Best Taxation

Tungodden, Bertil - 2021

It is not straightforward to define the ethics of responsibility in cases where the consequences of changes in factors within our control are partly determined by factors beyond our control. In this paper, we suggest that one plausible view is to keep us responsible for the parts of the...

Persistent link: https://www.econbiz.de/10013320842

Comparing redistributive efficiency of tax-benefit systems in Europe

Mantovani, Daniela - 2018

efficiency with a relevant amount of tax revenues and social expenditures. They obviously obtain very high redistribution, above … 15 points. Most of the countries considered show an intermediate level of redistribution (between 7 and 12 points), but … countries show a very low level of redistribution, below 7 points. Interestingly, they vary in the level of tax burden and of …

Persistent link: https://www.econbiz.de/10011865012

Optimal Income Taxes, Transfers and Inequality for an Atkinson-Based Social Welfare Function

Sattinger, Michael - 2022

By constructing a social welfare function that incorporates the explicit value judgments of Atkinson's measure of inequality, the paper develops implications of optimal income taxation derived using double limit analysis for transfers and inequality. The losses arising from transfers in the...

Persistent link: https://www.econbiz.de/10014237246