Nonlinear Tax Incidence and Optimal Taxation in General Equilibrium PDF Download
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Author: Dominik Sachs
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 100
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Book Description
Abstract: We study the incidence and the optimal design of nonlinear income taxes in a Mirrleesian economy with a continuum of endogenous wages. We characterize analytically the incidence of any tax reform by showing that one can mathematically formalize this problem as an integral equation. For a CES production function, we show theoretically and numerically that the general equilibrium forces raise the revenue gains from increasing the progressivity of the U.S. tax schedule. This result is reinforced in the case of a Translog technology where closer skill types are stronger substitutes. We then characterize the optimum tax schedule, and derive a simple closed-form expression for the top tax rate. The U-shape of optimal marginal tax rates is more pronounced than in partial equilibrium. The joint analysis of tax incidence and optimal taxation reveals that the economic insights obtained for the optimum may be reversed when considering reforms of a suboptimal tax code
Author: Dominik Sachs
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 100
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Book Description
Abstract: We study the incidence and the optimal design of nonlinear income taxes in a Mirrleesian economy with a continuum of endogenous wages. We characterize analytically the incidence of any tax reform by showing that one can mathematically formalize this problem as an integral equation. For a CES production function, we show theoretically and numerically that the general equilibrium forces raise the revenue gains from increasing the progressivity of the U.S. tax schedule. This result is reinforced in the case of a Translog technology where closer skill types are stronger substitutes. We then characterize the optimum tax schedule, and derive a simple closed-form expression for the top tax rate. The U-shape of optimal marginal tax rates is more pronounced than in partial equilibrium. The joint analysis of tax incidence and optimal taxation reveals that the economic insights obtained for the optimum may be reversed when considering reforms of a suboptimal tax code
Author: Dominik Sachs
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Federica Coelli
Publisher:
ISBN:
Category :
Languages : en
Pages : 100
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Book Description
Author: Wouter J. Keller
Publisher: North Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
Author: Charles L. Ballard
Publisher: University of Chicago Press
ISBN: 0226036332
Category : Business & Economics
Languages : en
Pages : 275
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Book Description
This book reports the authors' research on one of the most sophisticated general equilibrium models designed for tax policy analysis. Significantly disaggregated and incorporating the complete array of federal, state, and local taxes, the model represents the U.S. economy and tax system in a large computer package. The authors consider modifications of the tax system, including those being raised in current policy debates, such as consumption-based taxes and integration of the corporate and personal income tax systems. A counterfactual economy associated with each of these alternatives is generated, and the possible outcomes are compared.
Author: Neil Bruce
Publisher: Routledge
ISBN: 1000385299
Category : Business & Economics
Languages : en
Pages : 138
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Book Description
This book, first published in 1984, examines the use of simple general equilibrium models in analysing the effects of taxes. The replacement of the earlier partial equilibrium approach has yielded numerous insights and conclusions, and these are examined here alongside the simple general equilibrium reasoning.
Author: J. Gregory Ballentine
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 50
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Book Description
Theoretical and empirical examination of the harberger equilibrium model of tax incidence, maintaining its inadequacy for analysis of taxation and public finance - includes references.
Author: Howell Hang Zee
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 346
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Book Description
Author: Roger Guesnerie
Publisher: Cambridge University Press
ISBN: 9780521629560
Category : Business & Economics
Languages : en
Pages : 322
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Book Description
This book investigates the way in which tax systems affect economic efficiency and the distribution of welfare. It examines within a unified framework questions that are usually treated in different areas of the literature: institutional economics, positive economics, normative economics, and political economics. It adheres to the rigorous standards of pure theory while paying careful attention to the policy relevance of the arguments. Tax systems are viewed as information extracting devices that generate sets of equilibria of complex geometry. A tax reform methodology is proposed that sheds light on optimal taxes. Social conflicts in the determination of taxes are shown to have effects on social cohesion.
Author: Robin W. Boadway
Publisher: MIT Press
ISBN: 0262017113
Category : Business & Economics
Languages : en
Pages : 301
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Book Description
The author examines the role of optimal tax analysis in informing and influencing tax policy design.
