search query: @indexterm Inheritance / total: 12
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| Author: | Cremer, H. Pestieau, P. Rochet, J.-C. |
| Title: | Capital income taxation when inherited wealth is not observable |
| Journal: | Journal of Public Economics
2003 : OCT, VOL. 87:11, p. 2475-2490 |
| Index terms: | Capital income tax Inheritance |
| Freeterms: | Wealth tax |
| Language: | eng |
| Abstract: | The authors study the optimal tax policy when two instruments are available: a non-linear (wage) income tax and a proportional tax on capital income. They show that the second instrument ought to be used but that the tax rate is not necessarily positive. However, a positive tax rate is more likely when there is a positive correlation between inherited wealth and innate ability. |
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