Title:

Optimal tax progression

Group publication title:

Argumenta Oeconomica

Creator:

Panek, Emil ; Kliber, Paweł

Subject and Keywords:

optimal taxation ; income tax ; optimal control theory

Description:

Argumenta Oeconomica, 2007, No 1-2 (19), s. 165-187

Abstrakt:

In the paper we try to find the optimal tax system. The government has to collect some amount of taxes. The society consists of agents with different wealth. The problem is to find such a tax rate for every level of wealth that the social welfare (measured as the sum of the personal utilities) is maximized. We consider two different models - the static one and the dynamic one. It turns out that the best tax system is progressive. However, if we consider the dynamics, then it comes out that there should be very high tax exemptions for investments

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2007

Resource Type:

artykuł

Format:

application/pdf

Language:

eng

Relation:

Argumenta Oeconomica, 2007, No 1-2 (19)

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu