User:Nick Gardner /Sandbox: Difference between revisions

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<ref>[http://www.economics.harvard.edu/faculty/mankiw/files/Optimal%20Taxation%20in%20Theory.pdf N. Gregory Mankiw, Matthew Weinzierl, and Danny Yagan: ''Optimal Taxation in Theory and Practice'', American Economic Review, March 15 2009]</ref>
reduction in the share of tax revenue accounted for by personal income tax-flat in UK up in France


*1)Optimal marginal tax rate schedules depend on the distribution of ability;
continuously growing share of social security not Fr


*2) The optimal marginal tax schedule could decline at high incomes;
The share of the corporate income tax in total tax revenues has increased in the majority of the
OECD countries but not in the large OECD countries (France, Germany, Italy, Japan and the
United Kingdom), except in the United States


*3) A flat tax, with a universal lump-sum transfer, could be close to optimal; *4) The optimal extent of redistribution rises with wage inequality;


*5) Taxes should depend on personal characteristics as well as income;


*6) Only final goods ought to be taxed, and typically they ought to be taxed uniformly;
but the mix of taxes on goods and services has changed markedly towards
the greater use of general consumption taxes, particularly VAT


*7) Capital income ought to be untaxed, at least in expectation; and
decline in the revenue
share of specific consumption taxes (such as the excise duties on alcohol, tobacco and vehicle fuels) and
the large rise in revenues from general consumption taxes. The main factor behind the growth of general
consumption tax revenues has been the spread of VAT – the United States is now the only OECD country
that does not use VAT –


*8) In stochastic, dynamic economies, optimal tax policy requires increased sophistication.
a reduction of the progressivity of the personal income tax in most OECD countries.4


<references/>
the past 25 years has been the steep decline in
the top rates of personal income tax in OECD countries
All OECD countries except Australia and New Zealand levy compulsory social security
contributions on labour income, in addition to personal income tax. As noted above, there has been a
general upward trend in these contributions

Revision as of 16:28, 16 December 2009

reduction in the share of tax revenue accounted for by personal income tax-flat in UK up in France

continuously growing share of social security not Fr

The share of the corporate income tax in total tax revenues has increased in the majority of the OECD countries but not in the large OECD countries (France, Germany, Italy, Japan and the United Kingdom), except in the United States


but the mix of taxes on goods and services has changed markedly towards the greater use of general consumption taxes, particularly VAT

decline in the revenue share of specific consumption taxes (such as the excise duties on alcohol, tobacco and vehicle fuels) and the large rise in revenues from general consumption taxes. The main factor behind the growth of general consumption tax revenues has been the spread of VAT – the United States is now the only OECD country that does not use VAT –

a reduction of the progressivity of the personal income tax in most OECD countries.4

the past 25 years has been the steep decline in the top rates of personal income tax in OECD countries All OECD countries except Australia and New Zealand levy compulsory social security contributions on labour income, in addition to personal income tax. As noted above, there has been a general upward trend in these contributions

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