Do we now collect any revenue from taxing capital income?

• 成果类型: Article; Proceedings Paper
• 署名作者: Gordon, R; Kalambokidis, L; Slemrod, J
• 署名单位: University of California System; University of California San Diego; University of Minnesota System; University of Minnesota Twin Cities; University of Michigan System; University of Michigan
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(03)00045-8
• 发表日期: 2004
• 页码: 981-1009
• 关键词: capital income taxation; cash-flow taxation; R-base tax

摘要

The U.S. income tax system has long been recognized as a hybrid of an income and consumption tax system, with elements that do not fit naturally into either pure system. What it actually is has important policy implications for, among other things, understanding the impact of moving closer to a pure consumption tax regime. In this paper, we examine the nature of the U.S. income tax system by calculating the revenue and distributional implications of switching from the current system to one form of consumption tax, a modified cash flow tax. (C) 2003 Elsevier B.V. All rights reserved.