A Critical Look at the Economic Argument for Taxing Only Labor IncomeUniversity of Pennsylvania, Institute for Law and Economics Research Paper Series 09-08 (2009)
AbstractAccording 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
Citation Informationforthcoming 63 Tax L. Rev. ___ (2009-10)