Revisiting the classical view of benefit-based taxation Matthew Weinzierl
By: Weinzierl, Matthew
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Material type: 
ArticlePublisher: 2018Subject(s): BENEFICIOS | IMPUESTOS | IMPOSICION OPTIMA | ESTADOS UNIDOS | MODELOS ECONOMETRICOSOnline resources: Click here to access online
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The Economic Journal v. 128, n. 612, July 2018, p. F37-F64Summary: This article incorporates into modern optimal tax theory the classical logic of benefit-based taxation in which an individual’s benefit from the activities of the state is tied to his or her income-earning ability. First-best optimal policy is characterised analytically as depending on a few potentially estimable statistics. Constrained optimal policy, with a Pareto-efficient objective that trades off this principle and conventional utilitarianism, is simulated using conventional constraints and methods. A wide range of optimal policy outcomes can result, including those that match well several features of existing policies. This analysis thereby contributes to the theory of positive optimal taxation.
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This article incorporates into modern optimal tax theory the classical logic of benefit-based taxation in which an individual’s benefit from the activities of the state is tied to his or her income-earning ability. First-best optimal policy is characterised analytically as depending on a few potentially estimable statistics. Constrained optimal policy, with a Pareto-efficient objective that trades off this principle and conventional utilitarianism, is simulated using conventional constraints and methods. A wide range of optimal policy outcomes can result, including those that match well several features of existing policies. This analysis thereby contributes to the theory of positive optimal taxation.
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