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dc.contributor.authorSchindler, Dirken_US
dc.date.accessioned2009-01-29T16:29:50Z-
dc.date.available2009-01-29T16:29:50Z-
dc.date.issued2003en_US
dc.identifier.piurn:nbn:de:bsz:352-opus-11670-
dc.identifier.urihttp://hdl.handle.net/10419/23562-
dc.description.abstractWe 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.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion paper series / Universität Konstanz, Center of Finance and Econometrics (CoFE) 03/11en_US
dc.subject.jelH21en_US
dc.subject.ddc330en_US
dc.subject.keywordOptimal Taxationen_US
dc.subject.keywordUncertaintyen_US
dc.subject.keywordConsumption Taxen_US
dc.subject.keywordTriple Income Taxen_US
dc.subject.stwOptimale Besteuerungen_US
dc.subject.stwEinkommensteuerpolitiken_US
dc.subject.stwAusgabensteueren_US
dc.subject.stwRisikoen_US
dc.subject.stwTheorieen_US
dc.titleOptimal Income Taxation with a Risky Asset: The Triple Income Taxen_US
dc.typeWorking Paperen_US
dc.identifier.ppn477673724en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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