| 来源类型 | Report
|
| 规范类型 | 报告
|
| Wealth taxation: An overview of the issues |
| Alan D. Viard
|
| 发表日期 | 2019-10-03
|
| 出版年 | 2019
|
| 语种 | 英语
|
| 摘要 | Abstract.
Two Democratic presidential candidates, Senator Elizabeth Warren (D-Massachusetts) and Senator Bernie Sanders (I-Vermont), have proposed annual wealth taxes on extremely wealthy households. Annual wealth taxes have been adopted in a number of European countries (many of which later repealed them), but not in the United States. Although the proposed wealth tax rates appear low, they are equivalent to high-rate income taxes. Due to the pronounced concentration of wealth in the United States, a wealth tax would be highly progressive. The tax would probably reduce national saving and investment to some extent, although capital inflows from abroad would ameliorate the investment reduction. Congress would likely add exemptions for selected assets, which would be distortionary and diminish the tax’s revenue yield. The tax would face compliance and administration challenges due to undervaluation and concealment of assets and it might be ruled unconstitutional in the absence of suitable modifications. Although those challenges would probably not be insurmountable, it would be simpler and more prudent to pursue any desired increase in tax progressivity through reforms of the income tax and estate and gift taxes.
Read the full report here. |
| 主题 | Economics
|
| 标签 | estate tax
; income tax
; progressive tax
; Tax reform
; wealth
|
| URL | https://www.aei.org/research-products/report/wealth-taxation-an-overview-of-the-issues/
|
| 来源智库 | American Enterprise Institute (United States)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/206733
|
推荐引用方式
GB/T 7714 |
Alan D. Viard. Wealth taxation: An overview of the issues. 2019.
|
|
文件名：
|
Wealth-Taxation-An-Overview-of-the-Issues.pdf
|
|
格式：
|
Adobe PDF
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
