Díaz-Giménez, Javier; Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2011
progressivity in flat-tax reforms of the United States economy. We find that investment expensing as in the Hall and Rabushka type … that it results in large aggregate welfare gains in steady-state. Two additional flat-tax reforms with full investment … consumption-based flat tax scheme could achieve the goals of raising government income, stimulating the economy and providing a …