We evaluate the effectiveness of a more progressive tax scheme in raising government revenues. We develop a life …-cycle economy with heterogeneity and endogenous labor supply. Households face a progressive income tax schedule, mimicking the … Federal Income tax, and flat-rate taxes that capture payroll, state and local taxes and the corporate income tax. We …

' labor supply and saving assuming standard preferences. The system incorporates kinks from federal personal income tax …'s full set of work and saving disincentives. Consequently, it can facilitate analyses of structural labor supply and tax … discontinuous. Consequently, assessing work and saving responses to policy requires global optimization. This paper develops the …

unchanged. In this scenario, a change in the mode of taxation affects the present value of disposable income in the private …

The paper generalizes Feldstein's criticism (Perceived Wealth in Bonds and Social Security, 1976) of Barro's analysis … (Are Government Bonds Real Net Wealth?, 1974) for the case that the interest rate exceeds the growth rate. This is done by … mode of taxation affects the present value of disposable income in the private sector. This violates their Barro …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …

The paper generalizes Feldstein's criticism (Perceived Wealth in Bonds and Social Security, 1976) of Barro's analysis … (Are Government Bonds Real Net Wealth?, 1974) for the case that the interest rate exceeds the growth rate. This is done by … mode of taxation affects the present value of disposable income in the private sector. This violates their Barro …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …