Journal of Political Economy Vol. 86 No. 2, Part 2 1978
The Welfare Cost of Capital Income Taxation
Abstract
The paper begins with a critical examination of four mistaken propositions that characterize much of the conventional wisdom on capital income taxation. The analysis then shows the correct approach to evaluating the welfare cost of alternative tax treatments of capital income when taxes affect both the supply of labor and the timing of consumption.
- DOI
- 10.1086/260693
- Volume
- 86
- Issue
- 2, Part 2
- Pages
- S29-S51
- Language
- en
- Sources
- crossref openalex