Taxing Risky Capital Income   A Commodity Taxation Approach

Schindler, Dirk

Taxing Risky Capital Income A Commodity Taxation Approach

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Datum

2008

Publikationstyp

Zeitschriftenartikel

Publikationsstatus

Published

Erschienen in

Finanzarchiv. 2008, 64(3), pp. 311-333. Available under: doi: 10.1628/001522108X374151

Zusammenfassung

In a two-period world with endogenous savings and two assets, the optimal tax structure and optimal diversification of aggregate (capital) risk between private and public consumption are analyzed. We show that there is no trade-off between efficiency in intertemporal consumption and allocation of risk; both goals are reached as long as labor supply is exogenous. This requires, however, taxing the excess return at a special tax rate. Optimally extending the dual income tax for risky capital income, accordingly, leads to a tax system with three tax bases: the triple income tax.

Fachgebiet (DDC)

330 Wirtschaft

Schlagwörter

optimal taxation, aggregate risk, triple income tax

Zitieren

ISO 690

SCHINDLER, Dirk, 2008. Taxing Risky Capital Income A Commodity Taxation Approach. In: Finanzarchiv. 2008, 64(3), pp. 311-333. Available under: doi: 10.1628/001522108X374151

BibTex

@article{Schindler2008Taxin-1831,
  year={2008},
  doi={10.1628/001522108X374151},
  title={Taxing Risky Capital Income   A Commodity Taxation Approach},
  number={3},
  volume={64},
  journal={Finanzarchiv},
  pages={311--333},
  author={Schindler, Dirk}
}

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