search query: @indexterm welfare / total: 396
reference: 180 / 396
| Author: | Coleman, W. J., II |
| Title: | Welfare and optimum dynamic taxation of consumption and income |
| Journal: | Journal of Public Economics
2000 : APR, VOL. 76:1, p. 1-39 |
| Index terms: | TAXATION CONSUMPTION WELFARE |
| Language: | eng |
| Abstract: | This paper estimates that the US could attain large welfare gains by implementing an optimal Ramsey tax policy that taxes consumption and income. It is also found that the welfare implications associated with taxing consumption are quantitatively more important than those associated with dynamically taxing income. Indeed, replacing income taxes with a constant consumption tax leads to a welfare gain that is only slightly lower than that attained by a dynamic policy that taxes consumption and income. |
SCIMA