search query: @author Gordon, R. / total: 7
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| Author: | Gordon, R. |
| Title: | Can high personal tax rates encourage entrepreneurial activity? |
| Journal: | Staff Papers
1998 : MAR, VOL. 45:1, p. 49-80 |
| Index terms: | TAXATION RATING SCALES ENTREPRENEURSHIP |
| Language: | eng |
| Abstract: | When the top personal tax rates are above the corporate rate, high income individuals have an incentive to reclassify their earnings as corporate rather than personal income for tax purposes. At least U.S. tax law imposes strict limits on the extent to which employees in publicly traded corporations can exchange in such income shifting. However, entrepreneurs setting up new firms can easily reclassify their income for tax purposes. |
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