Income tax progressivity and inflation during the world wars
نویسندگان
چکیده
Abstract This paper studies the impact of inflation on income taxes in Sweden, UK, and United States during world wars. As tax reforms were rising top marginal rates reducing exemption thresholds, extraordinary levels eroded real value exemptions, brackets, deductions. The micro-simulation actual alternative scenarios shows that made less progressive, particularly Sweden World War I UK II. Nevertheless, its redistributive effect increased due to related growth revenue. Inflation contributed transform a “class tax’’ into “mass tax”.
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ژورنال
عنوان ژورنال: European Review of Economic History
سال: 2021
ISSN: ['1474-0044', '1361-4916']
DOI: https://doi.org/10.1093/ereh/heab020