全球智库信息集成服务系统(G2TT): DP14779 Reforming the Individual Income Tax in Spain

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP14779
	DP14779 Reforming the Individual Income Tax in Spain
	Nezih Guner; Roberto Ramos; Javier Lopez-Segovia
发表日期	2020-05-19
出版年	2020
语种	英语
摘要	We study how much revenue can be generated by more progressive personal income taxes in Spain. We build a life-cycle economy with uninsurable labor productivity risk and endogenous labor supply. Individuals face progressive taxes on labor and capital incomes and proportional taxes that capture social security, corporate income, and consumption taxes. An increase (decrease) in labor income taxes for individuals who earn more (less) than the mean labor income generates a small additional revenue. The revenue from labor income taxes is maximized at an effective marginal tax rate of 51.6% (38.9%) for the richest 1% (5%) of individuals, versus 46.3% (34.7%) in the benchmark economy. The additional revenue from labor income taxes is only 0.82% higher, while the total tax revenue declines by 1.55%. The total tax revenue is higher if marginal taxes are raised only for the top earners. The increase, however, must be substantial and cover a large segment of top earners. The new tax collection from a 3 percentage points increase on the top 1% is just 0.09%. A 10 percentage points increase on the top 10% of earners (those who earn more than e41,699) raises the total taxes by 2.81%.
主题	Macroeconomics and Growth ; Public Economics
关键词	Taxation Progressivity Top earners Labor supply Laffer curve
URL	https://cepr.org/publications/dp14779
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/543708
推荐引用方式 GB/T 7714	Nezih Guner,Roberto Ramos,Javier Lopez-Segovia. DP14779 Reforming the Individual Income Tax in Spain. 2020.