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Inter Vivos Transfers of Ownership in Family Firms
Hines, James R.; Potrafke, Niklas; Riem, Marina; … - 2021
This paper examines the determinants of inter vivos (lifetime) transfers of ownership in German family firms between 2000 and 2013. Survey evidence indicates that owners of larger firms, and firms with strong current business conditions, transfer ownership at higher rates than others. When a...
Persistent link: https://www.econbiz.de/10013224372
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Overcoming Wealth Inequality by Capital Taxes that Finance Public Investment
Mattauch, Linus - 2018
to counteract this trend, but can increased public investment financed by higher capital taxes? We examine how such a …. Our main finding is that public investment financed through capital taxes always decreases wealth inequality when the … results are robust with respect to the different roles of public investment in production. We calibrate our model to OECD …
Persistent link: https://www.econbiz.de/10012909868
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Is Social Security Part of the Social Safety Net?
Brown, Jeffrey R. - 2010
Building on the existing literature that examines the extent of redistribution in the Social Security system as a whole, this paper focuses more specifically on how Social Security affects the poor. This question is important because a Social Security program that reduces overall inequality by...
Persistent link: https://www.econbiz.de/10013152504
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Six Distributional Effects of Environmental Policy
Fullerton, Don - 2011
While prior literature has identified various effects of environmental policy, this note uses the example of a proposed carbon permit system to illustrate and discuss six different types of distributional effects: (1) higher prices of carbon-intensive products, (2) changes in relative returns to...
Persistent link: https://www.econbiz.de/10013131305
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The Property Tax as a Tax on Value : Deadweight Loss
Arnott, Richard; Petrova, Petia - 2021
Consider an atomistic developer who decides when and at what density to develop his land, under a property tax system characterized by three time-invariant tax rates: the tax rate on pre-development land value, the tax rate on post-development residual site value, and the tax rate on structure....
Persistent link: https://www.econbiz.de/10013228965
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Wealth Taxation and Wealth Accumulation : Theory and Evidence from Denmark
Jakobsen, Katrine - 2018
Using administrative wealth records from Denmark, we study the effects of wealth taxes on wealth accumulation. Denmark used to impose one of the world's highest marginal tax rates on wealth, but this tax was drastically reduced and ultimately abolished between 1989 and 1997. Due to the specific...
Persistent link: https://www.econbiz.de/10012925900
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Distortion Costs of Taxing Wealth Accumulation : Income Versus Estate Taxes
Holtz-Eakin, Douglas; Marples, Donald - 2021
Recently, attention has focused on the estate tax. To date, however, the debate over estate taxes has been nearly devoid of standard considerations of deadweight loss. We develop a framework for computing the deadweight loss of a revenue-neutral switch from an estate tax to a capital income tax,...
Persistent link: https://www.econbiz.de/10013249681
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The Incentive Effects of Property Taxes on Local Governments
Glaeser, Edward L. - 2021
This paper applies the ideas of Brennan and Buchanan (1977, 1978, 1980) to local property taxes. When local governments maximize their revenues, property taxes provide incentives for adequate amenity provision. Local amenity provision determines property values which then determine local tax...
Persistent link: https://www.econbiz.de/10013215708
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Taxing Wealth : Evidence from Switzerland
Brülhart, Marius - 2016
We study the effects of wealth taxation on reported wealth. Our analysis is based on data for Switzerland, which has the highest rate of annual wealth taxation in the developed world. While the wealth tax base is defined at the federal level, tax rates vary considerably across locations and over...
Persistent link: https://www.econbiz.de/10012987608
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Wealth Taxation in the United States
Wolff, Edward N. - 2019
The paper analyzes the fiscal effects of a Swiss-type tax on household wealth, with a $120,000 exemption and marginal tax rates running from 0.05 to 0.3 percent on $2,400,000 or more of wealth. It also considers a wealth tax proposed by Senator Elizabeth Warren with a $50,000,000 exemption, a...
Persistent link: https://www.econbiz.de/10012857826