Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/56148
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dc.contributor.authorFlodén, Martinen_US
dc.date.accessioned2012-03-28T13:04:39Z-
dc.date.available2012-03-28T13:04:39Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/56148-
dc.description.abstractThe Ramsey optimal taxation theory implies that the tax rate on capital income should be zero in the long run. This result holds even if the social planner only cares about workers that do not hold assets, or if the planner only cares about any other group in the economy. This paper demonstrates that although all households agree that capital income taxation should be eliminated in the long run, they do not agree on how to eliminate these taxes. Wealthy households would prefer a reform that is funded mostly by higher taxes on labor income while households with little wealth would prefer a reform that is funded mostly by high taxes on initial wealth. Pareto improving reforms typically exist, but the welfare gains of such reforms are modest.en_US
dc.language.isoengen_US
dc.publisher|aEkonomiska Forskningsinst. |cStockholmen_US
dc.relation.ispartofseries|aSSE/EFI Working Paper Series in Economics and Finance |x623en_US
dc.subject.jelE60en_US
dc.subject.jelH21en_US
dc.subject.ddc330en_US
dc.subject.keywordoptimal taxationen_US
dc.subject.keywordinequalityen_US
dc.subject.keywordredistributionen_US
dc.subject.stwOptimale Besteuerungen_US
dc.subject.stwKapitalertragsteueren_US
dc.subject.stwEinkommensumverteilungen_US
dc.subject.stwVermögenen_US
dc.subject.stwSteuerpolitiken_US
dc.subject.stwTheorieen_US
dc.titleWhy are capital income taxes so high?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn509848710en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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