haku: @indexterm law / yhteensä: 802
viite: 56 / 802
| Tekijä: | Cullen, J.B. Gordon, R.H. |
| Otsikko: | Taxes and entrepreneurial risk-taking: Theory and evidence for the U.S. |
| Lehti: | Journal of Public Economics
2007 : AUG, VOL. 91:7-8, p. 1479-1505 |
| Asiasana: | entrepreneurship risk taxation law theories USA |
| Kieli: | eng |
| Tiivistelmä: | It is asked how the tax law affects individual incentives (here as: incs.) to engage in entrepreneurial (as: e-prnl.) risk taking. It is theoretically shown that taxes can affect incs. due to differences (as: diffs.) in tax rates (as: t-rts.) on business vs. wage income, due to diffs. in the marginal t-rts. faced on losses vs. profits through a progressive rate structure and through the option to incorporate, and due to risk sharing with the government. Based on U.S. individual tax return data, there is empirical evidence found that each of these aspects of the tax law have clear effects on individual behaviour, and together having large effects on the amount of e-prnl. risk taking. |
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