| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8238 |
| DP8238 Flat Tax Reforms: Investment Expensing and Progressivity | |
| Javier Díaz-Giménez; Josep Pijoan-Mas | |
| 发表日期 | 2011-02-08 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | In this article we quantify the aggregate, distributional and welfare consequences of investment expensing and progressivity in flat-tax reforms of the United States economy. We find that investment expensing as in the Hall and Rabushka type of reform brings about sizable output gains and a non-trivial increase in after-tax income inequality. But we also find that it results in large aggregate welfare gains in steady-state. Two additional flat-tax reforms with full investment expensing and varying degrees of progressivity reveal that the distributional role of the tax-exemption in the labor income tax is limited. But we also find that the progressivity of the reforms matters for welfare: economies with more progressive consumption-based flat-taxes are good for the very poor and are ultimately preferred by a Benthamite social planner because they allow households to do more consumption and leisure smoothing. Our findings suggest that moving towards a progressive consumption-based flat tax scheme could achieve the goals of raising government income, stimulating the economy and providing a safety net for the households that have been hit the hardest by the recession |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Efficiency Flat-tax reforms Inequality Progressivity |
| URL | https://cepr.org/publications/dp8238 |
| 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/537076 |
| 推荐引用方式 GB/T 7714 | Javier Díaz-Giménez,Josep Pijoan-Mas. DP8238 Flat Tax Reforms: Investment Expensing and Progressivity. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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