G2TT
来源类型Discussion paper
规范类型论文
来源IDDP6366
DP6366 Why Are Capital Income Taxes So High?
Martin Flodén
发表日期2007-06-29
出版年2007
语种英语
摘要The Ramsey optimal taxation theory implies that the tax rate on capital income should be zero in the long run. This result holds even if the social planner only cares about workers that do not hold assets, or if the planner only cares about any other group in the economy. This paper demonstrates that although all households agree that capital income taxation should be eliminated in the long run, they do not agree on how to eliminate these taxes. Wealthy households would prefer a reform that is funded by higher taxes on labour income while households with little wealth would prefer a reform that is funded mostly by high taxes on initial wealth. Pareto improving reforms typically exist, but the welfare gains of such reforms are modest.
主题International Macroeconomics
关键词Inequality Optimal taxation Redistribution
URLhttps://cepr.org/publications/dp6366
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/535205
推荐引用方式
GB/T 7714
Martin Flodén. DP6366 Why Are Capital Income Taxes So High?. 2007.
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