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Wiley InterScience | |||||||||||||||||||||||||
  Journal of Public Economic TheoryVolume 9 Issue 1, Pages 127 - 150 Published Online: 5 Feb 2007 © 2010 Wiley Periodicals, Inc. Published on behalf of the Association for Public Economic Theory
Abstract | References | Full Text: HTML, PDF (Size: 424K) | Related Articles | Citation Tracking 
Optimum Taxation of Each Year's Income
Thomas Gaube, Department of Economics, University of Vienna, Hohenstaufengasse 9, A-1010 Vienna, Austria (thomas.gaube@univie.ac.at). I am grateful to Martin Hellwig and two referees for helpful comments on an earlier version of this paper. The usual disclaimer applies. Copyright 2007 Blackwell Publishing, Inc. Abstract
In this paper, a two-type, two-period model of optimum income taxation is investigated. I assume full commitment and that current income determines the agents' tax burden in each period. It is shown that such a tax system does not allow one to implement the optimal long-term tax contract and that it implies positive marginal tax rates at the upper end of the income distribution. Received June 6, 2005; Accepted January 17, 2006. | 
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