… a higher elasticity of substitution implies higher optimal profit taxes. To understand this, it may
… of the profit taxes; profits are still maximized no matter how much they are taxed. Moreover, …

… Within heterogeneous-household extensions of Romer’s (1986) one-sector representative
agent model of endogenous growth, this paper finds that changes made to the US statutory …

… Taxing wealth increases the wealth share of private business … We find that taxing capital
income is preferable to taxing … that capital income taxation is preferred to wealth taxation if …

… income tax rate is more beneficial for growth than lowering the corporate income tax rate: in
… , a cut by 10% in personal income tax rate generates an increase in the real per capita GDP …

… This paper quantitatively investigates capital income taxation in the general-equilibrium …
capital income should be taxed, due to substitution between housing and non-housing capital. …

… and permits making use of the many results already derived for income taxation in static …
such as endogenous wages through human capital accumulation. There is a physical …

… Third, we highlight research done in the fully endogenous growth setup that could … the
sustainable long run growth rate, and what is the optimal top income tax rate? There is remarkably …

… first show that endogenous labor supply and labor income taxes leaves the optimal … capital
income taxation. Finally, our work connects to the literature on optimal capital income taxation …

… However, as we explain, these arguments invoke assumptions on endogenous multipliers
… length of the period with capital income taxation at the 100 per cent rate can be significant.” …

… capital income tax rate collapsed from more than 40% in the 1960s to 25% in 2018. By
contrast, in developing countries effective capital tax rates have been on a rising trend since the …