Kumru, Cagri
Optimal capital income taxation with means - tested benefits / Cagri S. Kumru and John Piggott .-- , 2017
Disponible en línea a través del Instituto de Estudios Fiscales. Resumen. Bibliografía. Conclusión.
This paper studies the interaction between capital income taxationand a meanstestedage pension. Our results document that the existence of a social insurance program financed from general revenue puts an upward pressure on the optimal tax rate. We also show that there is a negative relation between taper (benefitreduction) and optimal capital income tax rates. The potential welfare gain fromoptimizing capital taxation in the presence of a universal retirement transfer system is relatively higher. However, when the transfer is substantially means tested, the gain is lower, because the means test effectively operates as a tax on retirement capital.
CAPITAL
RENTA
RENDIMIENTOS DE CAPITAL
IMPUESTOS
IMPOSICION OPTIMA
EDAD DE JUBILACION
PENSIONES
MODELOS ECONOMETRICOS
Piggott, John R.
Scottish journal of political economyv. 64, n. 3, July 2017, p. 227-262
Optimal capital income taxation with means - tested benefits / Cagri S. Kumru and John Piggott .-- , 2017
Disponible en línea a través del Instituto de Estudios Fiscales. Resumen. Bibliografía. Conclusión.
This paper studies the interaction between capital income taxationand a meanstestedage pension. Our results document that the existence of a social insurance program financed from general revenue puts an upward pressure on the optimal tax rate. We also show that there is a negative relation between taper (benefitreduction) and optimal capital income tax rates. The potential welfare gain fromoptimizing capital taxation in the presence of a universal retirement transfer system is relatively higher. However, when the transfer is substantially means tested, the gain is lower, because the means test effectively operates as a tax on retirement capital.
CAPITAL
RENTA
RENDIMIENTOS DE CAPITAL
IMPUESTOS
IMPOSICION OPTIMA
EDAD DE JUBILACION
PENSIONES
MODELOS ECONOMETRICOS
Piggott, John R.
Scottish journal of political economyv. 64, n. 3, July 2017, p. 227-262