search query: @indexterm capital taxation / total: 30
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| Author: | Lansing, K. J. |
| Title: | Optimal redistributive capital taxation in a neoclassical growth model. |
| Journal: | Journal of Public Economics
1999 : SEP, VOL. 73:3, p. 423-453 |
| Index terms: | Fiscal policy Tax optimization Capital taxation |
| Language: | eng |
| Abstract: | The paper provides a counterexample to the simplest version of the redistribution models considered by K. L. Judd (28(1985)59-83) in which the government chooses an optimal distortionary tax on capitalists to finance a lump-sum payment to workers. The author shows that the steady-state optimal tax on capital income is generally non-zero when the capitalists' utility is logarithmic and the government faces a balanced-budget constraint. |
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