منابع مشابه
Optimum taxation of inheritances
Inheritances create a second distinguishing characteristic of individuals, in addition to earning abilities. We incorporate this fact into an optimum income taxation model with bequests motivated by joy of giving, and show that a tax on inherited wealth is equivalent to a tax on expenditures, i. e. to a uniform tax on consumption plus bequests. These taxes have a positive effect on intertempora...
متن کاملOptimum taxation of life annuities
The market for private life annuities is characterised by adverse selection, that is, contracts offer lower than fair payoffs to individuals with low life expectancy. Moreover, life expectancy and income have been found to be positively correlated. The paper shows that a linear tax on annuity payoffs, which raises more revenues from long-living individuals than from short-living, represents an ...
متن کاملAn Exploration in the Theory of Optimum Income Taxation
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متن کاملWelfare and optimum dynamic taxation of consumption and income
This paper estimates that the US could attain large welfare gains by implementing an optimal Ramsey tax policy that taxes consumption and income. It is also found that the welfare implications associated with taxing consumption are quantitatively more important than those associated with dynamically taxing income. Indeed, replacing income taxes with a constant consumption tax leads to a welfare...
متن کاملReference Classes and Multiple Inheritances
The reference class problem in probability theory and the multiple inheritances (extensions) problem in non-monotonic logics can be referred to as special cases of con icting beliefs. The current solution accepted in the two domains is the speci city priority principle. By analyzing an example, several factors (ignored by the principle) are found to be relevant to the priority of a reference cl...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1129229