Add to ORKGConsumption sales taxes are regressive in terms of annual income, but the shortcomings of annual data motivate analysis of tax incidence over a longer time interval. Two widely read public finance textbooks contain mistakes regarding the^effect of different lifetime consumption profiles on consumption sales tax proportionality. This paper concludes that consumption sales taxes would be proportional in lifetime terms if all individuals eventually consumed their entire lifetime incomes. However, monetary gifts and bequests escape the tax and make horizontal inequities and lifetime non-proportionality likely. Augmenting the tax with equal-rate taxes on gifts and bequests would ensure lifetime proportionality among all individuals regardless of...
The estates of individuals who die with wealth over specified levels are taxed at high marginal rate...
Following the near-death experience of the federal gift and estate tax in 2010, the hundredth annive...
Research background: The paper investigates the impact of bequest taxation on saving and transfers w...
Recent academic research on tax incidence has shifted from an emphasis on static and annual perspect...
In this paper we construct measures of tax incidence over the life-cycle and compare these measures ...
All government agencies charged with the responsibility of estimating distributional effects use ann...
Under current tax law, there can be considerable period-by-period divergence between a taxpayer\u27s...
[[abstract]]This paper constructs a heterogeneous, intertemporal general equilibrium framework which...
An optimal taxation approach is employed to compare a proportional income tax with a death tax withi...
Annual wealth tax is back on the policy agenda, but the discussion on its effect is not well informe...
Many argue that sales and excise taxes are regressive based on the strict relationship between annua...
The growing public dissatisfaction with the current federal tax system and the ongoing national debt...
I am grateful for support from the Cato Institute for this project. I am also grateful to John Sabel...
Tax policy analysts often claim that tax distributional analysis should be based on a lifetime persp...
This paper measures the incidence of energy taxes using a lifetime framework to study both a Btu tax...
The estates of individuals who die with wealth over specified levels are taxed at high marginal rate...
Following the near-death experience of the federal gift and estate tax in 2010, the hundredth annive...
Research background: The paper investigates the impact of bequest taxation on saving and transfers w...
Recent academic research on tax incidence has shifted from an emphasis on static and annual perspect...
In this paper we construct measures of tax incidence over the life-cycle and compare these measures ...
All government agencies charged with the responsibility of estimating distributional effects use ann...
Under current tax law, there can be considerable period-by-period divergence between a taxpayer\u27s...
[[abstract]]This paper constructs a heterogeneous, intertemporal general equilibrium framework which...
An optimal taxation approach is employed to compare a proportional income tax with a death tax withi...
Annual wealth tax is back on the policy agenda, but the discussion on its effect is not well informe...
Many argue that sales and excise taxes are regressive based on the strict relationship between annua...
The growing public dissatisfaction with the current federal tax system and the ongoing national debt...
I am grateful for support from the Cato Institute for this project. I am also grateful to John Sabel...
Tax policy analysts often claim that tax distributional analysis should be based on a lifetime persp...
This paper measures the incidence of energy taxes using a lifetime framework to study both a Btu tax...
The estates of individuals who die with wealth over specified levels are taxed at high marginal rate...
Following the near-death experience of the federal gift and estate tax in 2010, the hundredth annive...
Research background: The paper investigates the impact of bequest taxation on saving and transfers w...