Now showing items 1-9 of 9
The optimal two-bracket linear income tax
(Elsevier, 1994-02)
We investigate two-bracket piecewise linear income tax structures. In a two-class economy, Pareto-efficient tax schedules of this type feature at least one marginal tax rate equal to zero, and that the marginal tax rate ...
Tax distortions to the choice of organizational form
(Elsevier, 1994-10)
Income from corporate and noncorporate firms is treated very differently under the tax law. In theory, given existing tax law, the noncorporate sector should consist of very profitable firms owned by low-tax-bracket investors ...
Fixing the leak in Okun's bucket optimal tax progressivity when avoidance can be controlled
(Elsevier, 1994-09)
This paper examines optimal income tax progressivity when avoidance responses to taxation are important, and can be controlled at some cost by the government. A simple example shows that ignoring the fact that avoidance ...
Assistance to the poor in a federal system
(Elsevier, 1987-04)
This paper explores the roles of different levels of government in assisting the poor. Using a model incorporating utility interdependence, the paper first presents some theoretical results indicating how levels of poor ...
A general equilibrium model of heterogeneous local property taxes
(Elsevier, 1977-12)
A formal model of an economy consisting of many production centres, each of which levies property taxes at a different rate, is developed and analyzed. In the context of the model, it is shown that holders of capital may ...
On the welfare effects of tax limitation
(Elsevier, 1981-12)
Much recent literature has been devoted to providing theoretical and empirical analysis of the proposition that government is `too large'. Far less attention has been paid to the issue of whether tax and expenditure ...
Randomness in tax enforcement
(Elsevier, 1989-02)
When there is tax evasion, increased randomness about how much taxable income an auditor would assess generally leads to higher reported income and more revenue. When reducing randomness is costly, optimality requires some ...
Some nonlinear tax effects on asset values and investment decisions under uncertainty
(Elsevier, 1990-08)
Tax system nonlinearities are often ignored but with uncertainty may have important implications for the magnitude and direction of tax effects. This paper studies a particular nonlinear tax rule. The policy subsidizes ...
Taxes, tariffs, and the global corporation
(Elsevier, 1993-05)
In this paper we develop some simple models of optimal tax and tariff policy in the presence of global corporations that operate in an imperfectly competitive environment. The models emphasize two important differences in ...