Many have advocated the taxation of bequests and gifts as income in order to achieve substantial revenues from unearned …'s income. Even for those who claim the inclusion of inherited wealth in the beneficiary's income tax base, the features of the … wealth, notwithstanding their inclusion in the income tax base. In the author's opinion, the foregoing is a serious argument …

This paper studies the market and welfare effects of income heterogeneity in monopolistically competitive product … sensitive to price change compared to poorer ones’, a mean-preserving contraction of income distribution entices firms to charge … poorer individuals and, in specific circumstances, on the whole population. In an open economy with free trade, lower income …

This paper presents new information on the fraction of adjusted gross income, and of wages and salaries, that is … reported by taxpayers in the top one half of one percent of the income distribution. This corresponds to roughly five hundred … thousand households in the late 1990s. This paper relies on data from the Treasury's Individual Income Tax Model for the period …

income growth targeting versus optimal inflation targeting. When the economy under consideration is mainly subject to shocks … that do not involve monetary policy trade-offs for society, inflation targeting is preferable. Otherwise, nominal income …