Arbeitspapier
Optimal Income Taxation with a Risky Asset: The Triple Income Tax
We show in a two-period world with endogenous savings and two assets, one of them exhibiting a stochastic return that an interest adjusted income tax is optimal. This tax leaves a safe component of interest income tax free and taxes the excess return with a special tax rate. There is no trade off between risk allocation and efficiency in intertemporal consumption. Both goals are reached. As the resulting tax system divides income into three parts, the tax can also be called a triple income tax. This distinction and a special tax rate on the excess return is necessary in order to have an optimal risk shifting effect.
- Sprache
-
Englisch
- Erschienen in
-
Series: CoFE Discussion Paper ; No. 03/11
- Klassifikation
-
Wirtschaft
Taxation and Subsidies: Efficiency; Optimal Taxation
- Thema
-
Optimal Taxation
Uncertainty
Consumption Tax
Triple Income Tax
Optimale Besteuerung
Einkommensteuerpolitik
Ausgabensteuer
Risiko
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schindler, Dirk
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Konstanz, Center of Finance and Econometrics (CoFE)
- (wo)
-
Konstanz
- (wann)
-
2003
- Handle
- URN
-
urn:nbn:de:bsz:352-opus-11670
- Letzte Aktualisierung
- 10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Schindler, Dirk
- University of Konstanz, Center of Finance and Econometrics (CoFE)
Entstanden
- 2003
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