Tax policy and gifts
Article Abstract:
A uniform system of taxation of gifts or private transfers of wealth should integrate existing redistributive income taxation with tax policies. Gifts between people are subject to income taxes and wealth transfer taxes such as estate and gift taxes. The ideal taxation of gifts should be based on the type of gift involved. Altruism-driven gifts where donors may either have higher or lower marginal utility should be taxed accordingly. Exchange-driven gifts should be taxed as part of labor income while financial exchanges are not subsidized or taxed.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1998
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On the divergence between "ideal" and conventional income-tax treatment of human capital
Article Abstract:
The possibilities of an accrual taxation of human capital are examined using concepts developed by William Vickrey (1939) and Alan Auerbach (1991). The ideal and conventional forms of taxation are compared to determine the more efficient method. Arguments for conventional taxation lack merit since it does not consider an increase in the labor's share of taxes. Tax reforms should be based on principles of distributive justice contained in a social welfare function.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1996
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Income tax deductions for losses as insurance
Article Abstract:
A system of taxation that does not have personal-loss deductions Pareto dominates the current tax system. Tax deductions for personal losses can act as partial insurance, but private insurance makes this type of insurance unnecessary. Deductions for personal losses are permitted only for the losses that are uninsured, which may induce individuals to avoid obtaining any insurance coverage at all.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1992
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