Fiscal Federalism and Optimal Income Taxes

Released on by Maximiliano A. Dvorkin
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  • Fiscal Federalism and Optimal Income Taxes Book Detail

  • Author : Maximiliano A. Dvorkin
  • Release Date : 2019
  • Publisher :
  • Genre :
  • Pages : 0
  • ISBN 13 :
  • File Size : 11,11 MB
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Fiscal Federalism and Optimal Income Taxes by Maximiliano A. Dvorkin PDF Summary

Book Description: This paper studies how local policies—specifically, taxes on income with redistributive goals—affect the migration decisions of individuals and, in turn, how these migration decisions affect local and economy-wide tax and redistribution policies. The author develops a model of optimal taxation for a federal system of governments in the tradition of Mirrlees (1971), where taxes can be fully nonlinear but informational asymmetries prevent the equalization of well being across workers due to informational rents. This article extends the large literature on federalism and tax competition by obtaining optimal tax formulas for the federal and state governments. The literature has mainly focused on inefficiencies that arise due to fiscal externalities when governments have access to restricted instruments (for example, allowing only linear taxes). Contrary to previous results in that literature, the author shows here that state governments will provide redistribution through taxes and that, in a symmetric equilibrium, the overall tax schedule that combines the actions of both the federal and state governments is the same as that of a unitary government. This implies that, under the conditions analyzed in the model, there is no reason to restrict income redistribution objectives to the federal government only, as commonly prescribed in the literature.

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Fiscal Federalism and Optimal Income Taxes

Fiscal Federalism and Optimal Income Taxes

File Size : 11,11 MB
Total View : 1186 Views
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This paper studies how local policies—specifically, taxes on income with redistributive goals—affect the migration decisions of individuals and, i

Tax Aspects of Fiscal Federalism

Tax Aspects of Fiscal Federalism

File Size : 53,53 MB
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This book examines the extreme complexity and the evolution of taxing authority towards a progressive increase in the local governments’ taxing powers. - IBFD