Brunner, Johann K. (contributor); Pech, Susanne (contributor) - 2006
correlated. The paper shows that a linear tax on annuity payoffs, which raises more revenues from long-living individuals than … income tax. Further, we find that a nonlinear tax on annuity payoffs can be directly employed to correct the distortion of … annuity payoffs, which raises more revenues from long-living individuals than
from short-living, represents an appropriate …