Tax Progressivity and Income Inequality - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Tax Progressivity and Income Inequality write by Joel Slemrod. This book was released on 1996-10-13. Tax Progressivity and Income Inequality available in PDF, EPUB and Kindle. This book assembles nine papers on tax progressivity and its relationship to income inequality, written by leading public finance economists. The papers document the changes during the 1980s in progressivity at the federal, state, and local level in the US. One chapter investigates the extent to which the declining progressivity contributed to the well-documented increase in income inequality over the past two decades, while others investigate the economic impact and cost of progressive tax systems. Special attention is given to the behavioral response to taxation of high-income individuals, portfolio behavior, and the taxation of capital gains. The concluding set of essays addresses the contentious issue of what constitutes a 'fair' tax system, contrasting public attitudes towards alternative tax systems to economists' notions of fairness. Each essay is followed by remarks of a commentator plus a summary of the discussion among contributors.
Tax Progressivity and Income Inequality
Tax Progressivity and Income Inequality - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Tax Progressivity and Income Inequality write by Joel Slemrod. This book was released on 1996. Tax Progressivity and Income Inequality available in PDF, EPUB and Kindle.
Inequality and Optimal Redistributive Tax and Transfer Policies
Inequality and Optimal Redistributive Tax and Transfer Policies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Inequality and Optimal Redistributive Tax and Transfer Policies write by Mr.Howell H. Zee. This book was released on 1999-04-01. Inequality and Optimal Redistributive Tax and Transfer Policies available in PDF, EPUB and Kindle. This paper explores the revenue-raising aspect of progressive taxation and derives, on the basis of a simple model, the optimal degree of tax progressivity where the tax revenue is used exclusively to finance (perfectly) targeted transfers to the poor. The paper shows that not only would it be optimal to finance the targeted transfers with progressive taxation, but that the optimal progressivity increases unambiguously with growing income inequality. This conclusion holds up under different assumptions about the efficiency cost of taxation and society’s aversion to inequality.
Personal Income Tax Progressivity: Trends and Implications
Personal Income Tax Progressivity: Trends and Implications - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Personal Income Tax Progressivity: Trends and Implications write by Claudia Gerber. This book was released on 2018-11-20. Personal Income Tax Progressivity: Trends and Implications available in PDF, EPUB and Kindle. This paper discusses how the structure of the tax system affects its progressivity. It suggests a measure of progressive capacity of tax systems, based on the Kakwani index, but independent of pre-tax income distributions. Using this and other progressivity measures, the paper (i) documents a decline in progressivity over the last decades and (ii) examines the relationship between progressivity and economic growth. Regressions do not reveal a significant impact of progressivity on growth, suggesting that efficiency costs of progressivity may be small—at least for degrees of progressivity observed in the sample.
Tax Progressivity and Income Inequality
Tax Progressivity and Income Inequality - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Tax Progressivity and Income Inequality write by Denvil Duncan. This book was released on 2008. Tax Progressivity and Income Inequality available in PDF, EPUB and Kindle. This paper examines whether income inequality is affected by the structural progressivity of national income tax systems. Using detailed personal income tax schedules for a large panel of countries, we develop and estimate comprehensive, time-varying measures of structural progressivity of national income tax systems over the 1981-2005 period. We find that while progressivity reduces observed inequality in reported gross and net income, it has a significantly smaller impact on true inequality, approximated by consumption-based measures of Gini. We show theoretically and empirically that, under specific conditions, tax progressivity may increase actual inequality, especially in countries with weak law and order and a large informal nontaxable sector. The paper discusses implications of these results for increasingly popular flat tax policies. The Kuznets hypothesis is also supported by the estimates.
