If we knew ability, how would we tax individuals?
Article Abstract:
The feasibility of taxing people on earnings capacity instead of earnings was analyzed and given an exploratory empirical implementation. The Leyden Welfare Function of Income was applied. This survey measured an individual's welfare associated with income to derive implications for ability taxation. The tax functions were then derived using different criteria to distribute the utility loss due to taxation under the assumption that IQ and schooling reflected earnings capacity.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 1999
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Federalism, equalization and risk aversion
Article Abstract:
A model was generated to assess the motivations for groups of countries to form a federation rather than remain autonomous. It is noted that residents in federations have the liberty migrate to constituent areas while governments have the ability to create their individual policies on rent redistribution. Federal states are attractive in that region-specific shocks are isolated and minimize uncertainty.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 1998
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