Article ID Journal Published Year Pages File Type
5067138 European Economic Review 2012 20 Pages PDF
Abstract
► We identify how capital taxation affects tax revenue in general equilibrium. ► Our scoring of capital tax revenue takes adjustment dynamics after a tax change into account. ► The self-financing degree of corporate tax cuts is about 70-90%. ► The Laffer curve is very flat for all capital taxes. ► US tax revenue would increase by about 0.3-1.2% after abolishment of capital gains tax.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Laffer strikes again: Dynamic scoring of capital taxes
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