Genes as Tags: The Tax Implications of Widely Available Genetic Information
Kyle D. Logue
University of Michigan Law School
Joel B. Slemrod
The Stephen M. Ross School of Business at the University of Michigan; National Bureau of Economic Research (NBER)
U of Michigan Law & Economics, Olin Working Paper No. 07-021
This paper examines how progress in genetics' specifically, the proliferation of knowledge about the human genome' may influence the feasibility and desirability of a tax that is based on individual human endowments or ability. The paper explores various forms that such a genetic endowment tax-and-transfer regime might take and identifies some of the benefits and costs of such a regime. The authors take no position on whether a genetic endowment tax would be desirable or not. However, one contribution of the paper is to observe that current law in the U.S., which restricts the use of genetic information by insurers and employers, is equivalent to a form of genetic endowment tax. The paper also notes that, in the absence of a government-mandated transfer policy with respect to genetic endowments, private insurance markets may arise to fill the gap, allowing individuals to purchase insurance against the possibility of a bad genetic draw.
Number of Pages in PDF File: 25
JEL Classification: H2working papers series
Date posted: November 28, 2007 ; Last revised: February 17, 2014
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