Arbeitspapier
Capital Taxation under Political Constraints
This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be reformed ex post if a large enough political coalition supports reform; thus, sustainable policies are those that will continue to attract enough political support in the future. We find that optimal marginal capital taxes are either progressive or U-shaped, so that savings are subsidized for the poor and/or the middle class but are taxed for the rich. U-shaped capital taxes always emerge when the salient reform threat consists of radically redistributing capital and individuals' political behavior is purely determined by economic motives.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 5098
- Klassifikation
-
Wirtschaft
- Thema
-
wealth inequality
capital taxation
coalition formation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Scheuer, Florian
Wolitzky, Alexander
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Scheuer, Florian
- Wolitzky, Alexander
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2014
Ähnliche Objekte (12)
Carbon pricing under binding political constraints
Optimal Taxation of Human Capital and Credit Constraints
Endogenous Borrowing Constraints, Human Capital Investment and Optimal Income Taxation
Capital gains taxation under different tax regimes
Capital gains taxation under different tax regimes
Second-Best Income Taxation with Endogenous Human Capital and Borrowing Constraints
Human capital and optimal policy under risk and credit constraints
Capital income taxation and risk taking under prospect theory
Profit taxation and finance constraints
Estate and Capital Gains Taxation: Efficiency and Political Economy Consideration
Privatizing Social Security Under Balanced-Budget Constraints: A Political-Economy Approach
The role of marriage in immigrants' human capital investment under liquidity constraints
Carbon pricing under binding political constraints
Optimal Taxation of Human Capital and Credit Constraints
Endogenous Borrowing Constraints, Human Capital Investment and Optimal Income Taxation
Capital gains taxation under different tax regimes
Capital gains taxation under different tax regimes
Second-Best Income Taxation with Endogenous Human Capital and Borrowing Constraints
Human capital and optimal policy under risk and credit constraints
Capital income taxation and risk taking under prospect theory
Profit taxation and finance constraints
Estate and Capital Gains Taxation: Efficiency and Political Economy Consideration
Privatizing Social Security Under Balanced-Budget Constraints: A Political-Economy Approach
The role of marriage in immigrants' human capital investment under liquidity constraints
Carbon pricing under binding political constraints
Optimal Taxation of Human Capital and Credit Constraints
Endogenous Borrowing Constraints, Human Capital Investment and Optimal Income Taxation
Capital gains taxation under different tax regimes
Capital gains taxation under different tax regimes
Second-Best Income Taxation with Endogenous Human Capital and Borrowing Constraints
Human capital and optimal policy under risk and credit constraints
Capital income taxation and risk taking under prospect theory
Profit taxation and finance constraints
Estate and Capital Gains Taxation: Efficiency and Political Economy Consideration
Privatizing Social Security Under Balanced-Budget Constraints: A Political-Economy Approach