Social Versus Individual Work Preferences Implications For Optimal Income Taxation
DOWNLOAD
FREE 30 Days
Download Social Versus Individual Work Preferences Implications For Optimal Income Taxation PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Social Versus Individual Work Preferences Implications For Optimal Income Taxation book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Social Versus Individual Work Preferences Implications For Optimal Income Taxation
DOWNLOAD
FREE 30 Days
Author : Zhiyong An
language : en
Publisher: International Monetary Fund
Release Date : 2022-03-25
Social Versus Individual Work Preferences Implications For Optimal Income Taxation written by Zhiyong An and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-25 with Business & Economics categories.
The benchmark optimal income taxation model of Mirrlees (1971) finds that the optimal marginal income tax rate (MIT) is always non-negative. A key model assumption is the coincidence between social and individual work preferences. This paper extends the model to allow for differences in social and individual work preferences. The theoretical and simulation analyses show that under this model, when the government places a higher social weight on work than individuals, the optimal MIT schedule is shifted downwards, introducing the possibility for optimal wage subsidies at the bottom of the income distribution. This implies lower revenues, demogrants, and overall progressivity.
Optimal Redistributive Taxation
DOWNLOAD
FREE 30 Days
Author : Matti Tuomala
language : en
Publisher: Oxford University Press
Release Date : 2016
Optimal Redistributive Taxation written by Matti Tuomala and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Business & Economics categories.
Tax systems raise large amounts of revenue for funding public sector's activities, and tax/transfer policy, together with public provision of education, health care, and social services, play a crucial role in treating the symptoms and the causes of poverty. The normative analysis is crucial for tax/transfer design because it makes it possible to assess separately how changes in the redistributive criterion of the government, and changes in the size of the behavioural responses to taxes and transfers, affect the optimal tax/transfer system. Optimal tax theory provides a way of thinking rigorously about these trade-offs. Written primarily for graduate students and researchers, this volume is intended as a textbook and research monograph, connecting optimal tax theory to tax policy. It comments on some policy recommendations of the Mirrlees Review, and builds on the authors work on public economics, optimal tax theory, behavioural public economics, and income inequality. The book explains in depth the Mirrlees model and presents various extensions of it. The first set of extensions considers changing the preferences for consumption and work: behavioural-economic modifications (such as positional externalities, prospect theory, paternalism, myopic behaviour and habit formation) but also heterogeneous work preferences (besides differences in earnings ability). The second set of modifications concerns the objective of the government. The book explains the differences in optimal redistributive tax systems when governments - instead of maximising social welfare - minimise poverty or maximise social welfare based on rank order or charitable conservatism social welfare functions. The third set of extensions considers extending the Mirrlees income tax framework to allow for differential commodity taxes, capital income taxation, public goods provision, public provision of private goods, and taxation commodities that generate externalities. The fourth set of extensions considers incorporating a number of important real-word extensions such as tagging of tax schedules to certain groups of tax payers. In all extensions, the book illustrates the main mechanisms using advanced numerical simulations.
Theory Of Equitable Taxation
DOWNLOAD
FREE 30 Days
Author : Johann K. Brunner
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Theory Of Equitable Taxation written by Johann K. Brunner and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
This study offers a systematic analysis of basic questions relating to equitable income taxation. Of course, a definite solution, resting on scientific arguments, cannot be expected for this important field of government activity. However, what is possible, is an exhaustive dis cussion of various aspects of equitable income taxation, thus preparing the ground for reasonable political decisions. I hope that the present book will contribute to this continuing discus sion, presenting results from modern social-choice theory and optimum taxation theory in order to gain further insights into the problem of income taxation. On a fundamental level, social-choice theory is applied in order to in vestigate the normative foundation of different tax rules. Arrow's im possibility theorem forms the starting point of the analysis; as was shown by recent contributions to social-choice theory, this impossibi lity result can be overcome if various degrees of interpersonal utility comparisons are admitted. Using this approach, one can work out the general norms of equity behind familiar tax rules. As a special point, the traditional principle of equal proportional sacrifice will be given a social-choice theoretic foundation in this book. The second level on which tax rules can be discussed, concerns their respective consequences in concrete taxation models. TWo such models are specified in this study, the first one takes gross income of the taxpayers as given, it is contrasted with the second, more complex mod el, where the individual labour-leisure decision is taken into account.
Taxation And The Incentive To Work
DOWNLOAD
FREE 30 Days
Author : Charles Victor Brown
language : en
Publisher: Oxford ; New York : Oxford University Press
Release Date : 1983
Taxation And The Incentive To Work written by Charles Victor Brown and has been published by Oxford ; New York : Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Business & Economics categories.
Economic theory and analysis of the impact of income tax on labour supply - focussing on individual behaviour, discusses non-linear budget constraints, measurement problems, optimal income tax, tax evasion, the effect of indirect consumption tax, and negative income tax experiments in the USA; reviews research results and research methods used in empirical studies of men and woman workers' and household behaviour in the UK and USA. Bibliography, graphs, statistical tables.
Inequality And Optimal Redistributive Tax And Transfer Policies
DOWNLOAD
FREE 30 Days
Author : Howell H. Zee
language : en
Publisher: International Monetary Fund
Release Date : 1999-04
Inequality And Optimal Redistributive Tax And Transfer Policies written by Howell H. Zee and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-04 with Business & Economics categories.
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.
The Optimal Income Taxation Of Couples
DOWNLOAD
FREE 30 Days
Author : Henrik Jacobsen Kleven
language : en
Publisher:
Release Date : 2006
The Optimal Income Taxation Of Couples written by Henrik Jacobsen Kleven and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Couples categories.
This paper analyzes the optimal income tax treatment of couples. Each couple is modelled as a single rational economic agent supplying labor along two dimensions: primary and secondary earnings. We consider fully general joint income tax systems. Separate taxation is never optimal if social welfare depends on total couple incomes. In a model where secondary earners make only a binary work decision (work or not work), we demonstrate that the marginal tax rate of the primary earner is lower when the spouse works. As a result, the tax distortion on the secondary earner decreases with the earnings of the primary earner and actually vanishes to zero asymptotically. Such negative jointness is optimal because redistribution from two-earner toward one-earner couples is more valuable when primary earner income is lower. We also consider a model where both spouses display intensive labor supply responses. In that context, we show that, starting from the optimal separable tax schedules, introducing some negative jointness is always desirable. Numerical simulations suggest that, in that model, it is also optimal for the marginal tax rate on one earner to decrease with the earnings of his/her spouse. We argue that many actual redistribution systems, featuring family-based transfers combined with individually-based taxes, generate schedules with negative jointness.
Welfare Incentives And Taxation
DOWNLOAD
FREE 30 Days
Author : James A. Mirrlees
language : en
Publisher: Oxford University Press, USA
Release Date : 2006
Welfare Incentives And Taxation written by James A. Mirrlees and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
This volume brings together published and unpublished but seminal work in welfare, development, and public sector economics, providing an overview of much of the author's work.
The Encyclopedia Of Taxation Tax Policy
DOWNLOAD
FREE 30 Days
Author : Joseph J. Cordes
language : en
Publisher: The Urban Insitute
Release Date : 2005
The Encyclopedia Of Taxation Tax Policy written by Joseph J. Cordes and has been published by The Urban Insitute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
"From adjusted gross income to zoning and property taxes, the second edition of The Encyclopedia of Taxation and Tax Policy offers the best and most complete guide to taxes and tax-related issues. More than 150 tax practitioners and administrators, policymakers, and academics have contributed. The result is a unique and authoritative reference that examines virtually all tax instruments used by governments (individual income, corporate income, sales and value-added, property, estate and gift, franchise, poll, and many variants of these taxes), as well as characteristics of a good tax system, budgetary issues, and many current federal, state, local, and international tax policy issues. The new edition has been completely revised, with 40 new topics and 200 articles reflecting six years of legislative changes. Each essay provides the generalist with a quick and reliable introduction to many topics but also gives tax specialists the benefit of other experts' best thinking, in a manner that makes the complex understandable. Reference lists point the reader to additional sources of information for each topic. The first edition of The Encyclopedia of Taxation and Tax Policy was selected as an Outstanding Academic Book of the Year (1999) by Choice magazine."--Publisher's website.
Options To Strengthen The Social Safety Net In
DOWNLOAD
FREE 30 Days
Author : Zhiyong An
language : en
Publisher: International Monetary Fund
Release Date : 2023-05-18
Options To Strengthen The Social Safety Net In written by Zhiyong An and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-18 with Business & Economics categories.
Japan’s unemployment rate remains relatively low compared to other OECD countries. However, Japan’s poverty rate among the working-age population is one of the higher ones among OECD countries. The public assistance program in Japan does not provide adequate income support for the working poor and creates inherent work disincentives. In this context, the Earned Income Tax Credit (EITC) warrants consideration to strengthen the social safety net and relieve poverty of the working poor in Japan. This paper provides an overview of the theoretical and practical issues of EITC, aiming to support its potential introduction in Japan.
The Optimal Taxation Of Unskilled Labour With Job Search And Social Assistance
DOWNLOAD
FREE 30 Days
Author : Jan Boone
language : en
Publisher:
Release Date : 2002
The Optimal Taxation Of Unskilled Labour With Job Search And Social Assistance written by Jan Boone and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Income tax categories.