Tax Progressivity and Income Inequality

Tax Progressivity and Income Inequality

by Joel Slemrod
     
 

This book assembles nine research papers written by leading public-finance economists on the subject of tax progressivity and its relationship to income inequality. The papers document the changes during the 1980s in progressivity at the federal, state, and local levels in the United States. Conceptual issues about how to measure progressivity are investigated, as… See more details below

Overview

This book assembles nine research papers written by leading public-finance economists on the subject of tax progressivity and its relationship to income inequality. The papers document the changes during the 1980s in progressivity at the federal, state, and local levels in the United States. Conceptual issues about how to measure progressivity are investigated, as well as the extent to which declining progressivity contributed to the well-documented increase in income inequality over the past two decades. Several papers investigate the economic impact and cost of progressive tax systems. Special attention is given to behavioral responses - including portfolio composition - to the taxation of high-income individuals. The concluding papers address the contentious issue of what constitutes a "fair" tax system. They contrast public attitudes concerning alternative tax systems to economists' notions of fairness, and examine the trade-off between fairness and economic growth. Each paper is followed by the formal commentary of a conference participant plus a summary of the conference discussion.

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Product Details

ISBN-13:
9780521465434
Publisher:
Cambridge University Press
Publication date:
02/28/2014
Pages:
375
Product dimensions:
5.98(w) x 8.98(h) x 1.02(d)

Table of Contents

Preface
List of contributors
1Introduction1
2Trends in federal tax progressivity, 1980-939
3The lifetime incidence of state and local taxes: measuring changes during the 1980s59
4Trends in income inequality: the impact of, and implications for, tax policy95
5The efficiency cost of increased progressivity137
6On the high-income Laffer curve177
7Tax progressivity and household portfolios: descriptive evidence from the Survey of Consumer Finances219
8Progressivity of capital gains taxation with optimal portfolio selection275
9Perceptions of fairness in the crucible of tax policy309
10Progressive taxation, equity, and tax design341
Index357

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