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Optimal Capital Income Taxation with Means-tested Benefits

Kumru, Cagri; Piggott, John R

Description

This paper studies the interaction between capital income taxation and a means-tested age pension. Our results document that the existence of a social insurance program financed from general revenue puts an upward pressure on the optimal tax rate. We also show that there is a negative relation between taper (benefit-reduction) and optimal capital income tax rates. The potential welfare gain from optimizing capital taxation in the presence of a universal retirement transfer system is relatively...[Show more]

CollectionsANU Research Publications
Date published: 2017
Type: Journal article
URI: http://hdl.handle.net/1885/245426
Source: Scottish Journal of Political Economy
DOI: 10.1111/sjpe.12130

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