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Unpublished Paper
A Critical Look at the Economic Argument for Taxing Only Labor Income
University of Pennsylvania, Institute for Law and Economics Research Paper Series 09-08 (2009)
  • Chris William Sanchirico
According to accepted wisdom, "the tax substitution argument" fairly establishes that it is best to tax only labor income, and not also income from savings and investment. In this Article, I show that the tax substitution argument-which is actually a disjointed collection of arguments-is variously incomplete, incorrect, and conclusory.
  • Optimal Taxation,
  • Uniform Commodity Taxation,
  • consumption taxation,
  • tax substitution argument,
  • taxes versus legal rules
Publication Date
Citation Information
forthcoming 63 Tax L. Rev. ___ (2009-10)