Social insurance and the optimum piecewise linear income tax

Article Abstract:

Marginal linear income taxes yield higher rates when income disparities are due to random factors rather than unobserved skills. When factors of precautionary behavior and life uncertainty are included, the optimum tax registers a rate higher than 25%, the figure arrived at by an earlier study on redistributive taxation. In addition, the first marginal rate of a pragmatic social planner and a linear revenue schedule is lower than the second marginal rate. This finding contradicts the classical model of income taxation which points to a lower second marginal rate.

Personal Income Taxes, Personal income tax

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Corrective tax and subsidy policies in economies with Bertrand competition

Article Abstract:

An imperfectly competitive economy can be brought back to an equilibrium level known as Walrasian equilibrium through the implementation of self-financed corrective taxes and subsidies. The resultant allocation procedure will be Pareto-efficient. In fact, such allocation can be decentralized through the adoption of lump-sum taxation policies. The most effective corrective taxes are those which produce small output effects while the best subsidies have big output effects.

Subsidies, Monopolistic competition

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Income taxation, uncertainty and stability

Article Abstract:

The attainment of a successful tax policy remains possible even under the presence of uncertainty. The utilization of a political model showed that uncertainty can likewise generate stability to a tax policy. It was also revealed that stable linear tax functions can only be achieved under economies with high egalitarian income distributions and taxation levels.

Tax Law

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