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Economic relations between personal and corporate income tax

Skica, Tomasz; Wolowiec, Tomasz; Pavlov, Pavel - In: E-Finanse : finansowy kwartalnik internetowy 10 (2014) 1, pp. 60-68

The main goal of this article is to discuss the mutual economic relations between personal and corporate income taxes. The article consists of three parts. The first is an introduction to these taxes and taxation. The second is the analysis in which the objective of the taxation is discussed....

Persistent link: https://www.econbiz.de/10010390252

The Demand for Income Tax Progressivity in the Growth Model

Carroll, Daniel - 2011

This paper examines the degree of income tax progressivity chosen through a simple majority vote in a model with … distribution. Support for a high degree of progressivity is widespread. In the long run, households that vote for lower … progressivity have high labor productivity and/or very high wealth. A movement towards greater progressivity increases aggregate …

Persistent link: https://www.econbiz.de/10013130521

No More Second-Class Taxpayers : How Income Splitting Can Bring Fairness to Canada's Single-Income Families

Krzepkowski, Matt - 2013

The Canadian personal income tax system does not pay much attention to whether the amount of money an individual brings home is supplemented by the income of a spouse or not. That means that families where one spouse earns more than the other get taxed at a higher rate than families where two...

Persistent link: https://www.econbiz.de/10013082245

The Impact of Taxes on Income Mobility

Alloza, Mario - 2017

This paper investigates how taxes affect relative mobility in the income distribution in the US. Household panel data drawn from the PSID between 1967 and 1996 is employed to analyse the relationship between marginal tax rates and the probability of staying in the same income decile. Exogenous...

Persistent link: https://www.econbiz.de/10012950954

Optimal Progressive Income Taxation in a Bewley-Grossman Framework

Jung, Juergen - 2017

We study the optimal progressivity of income taxation in a Bewley-Grossman model of health capital accumulation where … the model to match U.S. data. We then optimize the progressivity of the income tax code. The optimal income tax system is … health insurance system affects the degree of optimal progressivity of the income tax system.The introduction of Affordable …

Persistent link: https://www.econbiz.de/10012960302

Automation and the Income Tax

Soled, Jay A. - 2019

Technological advancements are playing a transformative role in curtailing the need for labor. These very same forces are catapulting capital in the form of robotics, machinery, and intellectual property to the economic forefront. In virtually every sphere of human existence, labor's decline and...

Persistent link: https://www.econbiz.de/10012894849

Arbitrage and Non-linear Taxes

Becker, Marcus - 2019

Incorporating a progressive or convex income tax into valuation problems raises the question of the appropriate tax rate to use in common valuation formulas. We apply arbitrage theory in a riskless, as well as risky, (multi-period) economy to answer this question. It turns out that the...

Persistent link: https://www.econbiz.de/10012896022

On the Marginal Excess Burden of Taxation in an Overlapping Generations Model

Tran, Chung - 2017

We quantify marginal excess burden, defined as the change in deadweight loss for an additional dollar of tax revenue, for different taxes. We use a dynamic general equilibrium, overlapping generations model featured with heterogeneous agents and a realistic structure of corporate finance and...

Persistent link: https://www.econbiz.de/10012945873

The Spanish Personal Income Tax : Facts and Parametric Estimates

García-Miralles, Esteban - 2019

In this paper, we use administrative data on tax returns to characterize the distributions of before and after-tax income, tax liabilities, and tax credits in Spain for individuals and households. We use the most recent available data, 2015 for individuals and 2013 for households, but also...

Persistent link: https://www.econbiz.de/10012866608

Source, Residence and Nationality in Income Tax Matters : Between International Tax Rules and EU Law

Garcia Prats, Francisco Alfredo - 2014

Persistent link: https://www.econbiz.de/10013039625