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Tax Eclecticism

Chris William Sanchirico
University of Pennsylvania Law School; University of Pennsylvania Wharton School - Business & Public Policy Department

October 19, 2009

U of Penn, Inst for Law & Econ Research Paper No. 09-38
U of Penn Law School, Public Law Research Paper No. 09-29

Abstract:
A widely held view among tax scholars is that only labor earnings, and not also capital earnings, should be included in the tax base. A companion paper by the same author critiques the economic argument that is provided in support of this view. The present paper takes the additional step of providing an affirmative economic argument for including capital earnings in the base. In the process, it provides a general argument for tax base eclecticism.

Keywords: Tax policy, equity and efficiency, optimal taxation, tax substitution argument, consumption tax versus income tax, Atkinson and Stiglitz, taxes versus legal rules

JEL Classifications: K34, D30, D31, D60, D61, D63, H00, H20, H21, J38, K00, K10

Working Paper Series

Date posted: October 19, 2009 ; Last revised: November 17, 2009

Suggested Citation

Sanchirico, Chris William, Tax Eclecticism (October 19, 2009). U of Penn, Inst for Law & Econ Research Paper No. 09-38; U of Penn Law School, Public Law Research Paper No. 09-29. Available at SSRN: http://ssrn.com/abstract=1491130

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Contact Information

Chris William Sanchirico (Contact Author) University of Pennsylvania Law School ( email ) 3400 Chestnut Street Philadelphia, PA 19104-6204 United States 215-898-4220 (Phone) HOME PAGE: http://www.cstone.net/~csanchir
University of Pennsylvania Wharton School - Business & Public Policy Department Philadelphia, PA 19104-6372 United States

Abstract

Date posted: October 19, 2009 ; Last revised: November 17, 2009

Suggested Citation

Contact Information

Chris William Sanchirico (Contact Author)